Offers are said to be building at 1.0570 up to 1.0605 with some stops seen on a break through 1.0609. There’s also a 1.0600 barrier in play which goes off on Thursday.
Bids are at 1.0520 down to 1.0500 but they’re not of any decent size and there’s still bit’s and bobs down to 1.0400.
ACB’s were in on the sell side at 1.0525 this morning but have not been seen since.
Stop and reverse traders are looking for daily closes below 1.0465 in the first instance.
The Loonie is pretty much sitting slap bang in the middle of the 3 day range.
USD/CAD daily chart 26 11 2013
