For the moment at least
Apart from the widely touted barrier option at 1.1200 there’s good size corporate interest to sell this pair in the rallies.
Fresh 54 month highs posted at 1.1187 earlier but those sell orders have driven it back down and currently sits at 1.1162 bouncing from 1.1150.
If 1.1200 does break then we should see a rush to next offers at 1.1225 then test 1.1237, the 50% retracement of the 1.3066 high in 2009 and the 2011 low of 0.9407.
Bids all the way down to 1.1050
USDCAD orders H1 29 Jan
