Coming down like the snow in Adam’s back yard.
Offers have been lowered across the board as the Loonie fails to retake the 1.06 handle.
Spec offers are now at 1.0600, 1.0610, corps at 1.0620, specs 1.0630, 1.0640, corps at 1.0680, 1.0705, buy stops on a break of 1.0710
Bids have been filled at 1.0580 with specs bid at 1.0570, 1.0560, 1.0545/55, (corps & specs,) corps at 1.0520 and then specs have sell stops if we break 1.0500.
Currently we’re at 1.0575 and 1.0557 is an area of support we also need to keep and eye on along side those bids at 1.0545/55.
USD/CAD h4 chart 16 12 2013
