With the loonie looking wanted again it's not going to take too much from current levels at 1.0634 to start chewing away at the defence of the 1.0600 barrier option that I have been reporting.
1.0630 is proving sticky at the moment and then more at 1.0610-15 before 1.0600 itself with stops below there.
Last week saw a 6 month low of 1.0620 but rallies since have failed to breach 1.0700. A weaker number today will have the pair looking for gains into offers at 1.0675-85 but I'm sure Adam will have something to add shortly.
Canadian jobs data forecasts
Have a great week-end everyone and thanks for your input and patience with the site.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
