We’ve seen USDCAD take out the friday 1.0570 highs triggering stop loss buying to a 4-month high of 1.0584
Talk of a decent size barrier option at 1.0600 to be defended with stops above the 1.0609 july 5 high
Currently back to 1.0560 on some short-term profit taking
Lower oil price after the Iran sanctions relief continues to weigh on the loonie