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11 Aug 2014
USD/CAD at the highest since early May
FXStreet (Bali) - USD/CAD is trading at its highest since early May, currently at 1.0973, after being capped by 1.0981 last Friday, following poor Canadian jobs data.
According to Peter Fell, Analyst at FXBeat: "Sell orders parked between 1.0985/00, thought to be protection ahead of the barrier interest at 1.1000, stops lie in wait above 1.1010."
Peter also takes note of "small option expiry's today @ 1.0970 (400 mln), corporate demand cited between 1.0900/15, while initial target remains 1.1028, 61.8% fibo on the 1.0621/1.1279 drop."
According to Peter Fell, Analyst at FXBeat: "Sell orders parked between 1.0985/00, thought to be protection ahead of the barrier interest at 1.1000, stops lie in wait above 1.1010."
Peter also takes note of "small option expiry's today @ 1.0970 (400 mln), corporate demand cited between 1.0900/15, while initial target remains 1.1028, 61.8% fibo on the 1.0621/1.1279 drop."