Canada is putting in an outside reversal day to the downside. 101.02 USD/CAD….99.13 Dec Futures.

One wiggle through parity and it was all over, matching unchanged on the year in the Spu @ 1253. We are mentioning this because Canada, like the Aussie, is a good risk indicator. Strong Canada=Risk on….Weak Canada= Risk Off

CAD/JPY has the same type of pattern, however this is a much harder read off this cross given the distance it’s already traveled.