[USD/CAD]

[USD/CAD] has been back on the rise over the past 24 hours as the Usd's post-QE pullback starts to wane across the board. This is largely down to the -115.89 close for the Dow Jones yesterday, which has boosted the headline up to a 1.2357 high so far. Eur/Cad buying has also been a feature in recent trade. Gains paused just shy of the 1.2360 strong resistance level, however technical signals suggest a move above here should trigger a test on the 1.2450 pivot. Contacts report some decent interest to buy up the headline on the potential BoC QE theory, however for now, talk of a massive LHS fix for month-end is causing traders to wait.