USD/CAD longs whipsawed as offers above 1.1220 hold via ForexLive

USD/CAD failed to break the Asian high of 1.1223 after the ADP data then quickly dropped to a session low of 1.1186.

There was chatter about heavy corporate and real money offers in USD/CAD around 1.1220 yesterday but stops may be building above 1.1225.

How it felt to be long USD/CAD at the top

posted via ForexLive