USDCAD in retreat again as 1.2350 offers deter a further rally

High posted 1.2328 earlier after a solid rally from the 1.2251 lows

Talk that the offers around 1.2350 are now enough to deter further advances for the moment at least

Yesterday's fall through 1.2360 triggered heavy stop losses to 1.2330 and it's understandable to see sellers looking to unload/go short up there

Firmer oil price also helping. Brent ticking back up to $63.04 from $62.45 this morning

USDCAD currently back down to 1.2282

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