Offers are still in place at 1.0700 along side barrier protection and they have held of the buying so far. Stops are seen on a break of 1.0710 then offers come in at 1.0750/60.
Bids are in at 1.0650 but not of any size and then there’s a gap until 1.0550
It’s pretty much “as you were” with no real fresh orders coming in before the BOC.
The break of the 1.0675/80 are was significant and it opens up the possibility for gains to the 31.8 fib of the 2009 swing lo at 1.0802. Look to that 1.0670/80 level as becoming mild support on a move back down.
USD/CAD weekly chart 04 12 2013
