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CAD underperformed across the board...>

DOLLAR-CANADA
DOLLAR-CANADA: CAD underperformed across the board overnight with AUD adding
weight to the commodity complex. We highlighted in an MNI Analysis email
yesterday that USDCAD had failed to break up trendline support with technical
studies suggesting a short-term recovery (USDCAD Technical Studies Suggest
Short-term Recovery - 1329GMT). USDCAD breached the 200-dma with gains extending
at the European crossover to C$1.3200. This brings the 100-dma & 50% retracement
level of C$1.3375-1.3069 into play at C$1.3216/22.  

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