USD/CAD is the only game in town at the moment

The order protecting 1.3500 in USD/CAD were finally chewed through. A slip in oil prices is part of the story with WTI now down 25 cents to $50.47.

Stops were run as 1.35 gave way and that sparked a quick move as high as 1.3518.

Two levels to watch:

  1. The March high of 1.3535.
  2. The March closing high of 1.3511

There's no CAD news left on the agenda but a few things are due up from the US and there's still the Baker Hughes rig count so there might be a few chapters in this story yet.