After finally breaking through the 1.1200 option barrier on Friday we’ve seen some decent correction in Asia and further in this session
Support lines and corporate bids have been hit triggering stops all the way down from 1.1135 to 1.1050 with GBPCAD sellers adding fuel to the fire.
Next support comes in at 1.1035 and not a lot below that until 1.0965, but we’re currently trying to retrace at 1.1075.
Let’s see what our friends across the pond make of it all.
USDCAD M15 3 Feb
