Not that the GDP is out the way we can see how the orderboard is shaping up.
Offers are increasing at 1.0600 and 1.0610 as corps see momentum fading for a bigger move higher. Stops are seen around 1.0610 & 15 also with further offers out to 1.0620 and 1.0630.
Bids are in at 1.0550 increasing in size down to 1.0450
The GDP falls were all soaked up down to 1.0559 but the pair is finding life tough when trying to take on the 1.06 level. If it carries on holding out then the offers are likely to increase and then they might start chasing it down.
Still the former May support line is your technical resistance point.
USD/CAD h4 chart 29 11 2013
