FXO 13-05

There are a couple of large ones on the board for today but more notably for USD/CAD at 1.2990-00 and 1.3040-50.

The expiries do keep near some notable technical levels, with the 100-hour moving average in the pair sitting at 1.3000 and 200-week moving average at 1.3040. That could keep price action more sticky for the time being, although risk sentiment continues to be a key factor to watch as the week winds down.

Market flows are more of a key driver at the moment so it's tough to put a pin on price action but for now, it does seem like the 1.3000 level is holding for USD/CAD with the dollar under some light pressure today.

Besides that, there isn't anything else that is of much significance before the weekend comes.

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