USD/CAD challenges 1.31
The commodity currencies are under pressure today with the Canadian and Australian dollars lagging today.
The 1.1302 level was the high on Wednesday. Last Tuesday's high was 1.3124 and last Monday's high was 1.3169.
There isn't anything in the news that's sending a big signal to sell the Canadian dollar and oil is relatively flat. Looks like some kind of flow-driven trade combined with another rejection of support just below 1.30.
