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Brent witnessed sharp losses..........>

DOLLAR-CANADA: Brent witnessed sharp losses yesterday and now operates in bear
market territory after closing 20% below the April peak (continuation chart)
with ongoing concerns surrounding global demand.
- USDCAD cleared the previously hard to overcome C$1.3250 level yesterday. The
uptrend spilled over into Asia with the pair briefly trading above the 200,
100-dma & cloud top (C$1.3305/08/13) to C$1.3315, before fading. USDCAD has now
registered gains in 10 of the last 14 sessions since its Jul 19 base. A close
above these key levels would further cement the move opening the 61.8%
retracement level of the May-Jul fall at C$1.3355.
- EURCAD rallied through C$1.49, before meeting resistance ahead of the 100-dma
at C$1.4943. Worth noting we have not closed above this key level since early

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