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CAD is back on the defensive..........>

DOLLAR-CANADA: CAD is back on the defensive alongside weaker oil futures. USDCAD
printed fresh daily highs of C$1.3494, but again encountered strong resistance
at C$1.3495/00, a level that has proved hard to overcome. Above here opens
trendline resistance off the Jan highs at C$1.3504, ahead of the Apr 21 high at
- EURCAD briefly traded above the 100-dma (C$1.5111) to C$1.5114, before fading.
- CADJPY extended losses to Y81.34 with near-term support at Y81.11 which
represents the 50% retracement of the 2019 range.  

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