USD/CAD trips stops in run to session high via ForexLive

The 1.1050 zone gave way as the loonie follows the rest of the commodity bloc to session lows.

There's a bit of resistance at last Tuesday's high of 1.1075 but 1.1100 is the main level to watch.

There is a bit of an inverted head & shoulders pattern on the short-term chart:

USDCAD 10 minute chart

Greg had a more detailed look at USD/CAD technical analysis earlier.

posted via ForexLive