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CIBC note that "USD/CAD closed........>

DOLLAR-CANADA
DOLLAR-CANADA: CIBC note that "USD/CAD closed below the 100-SMA for the first
time since late April. The follow through below the C$1.2960 mark hasn't been as
convincing yet and it may come down to domestic data ahead of Friday's
(rumoured?) deadline. Additionally - USD/CAD is probing below trend line support
off of the February low. Despite the optimism on the tech charts, the risks are
skewed towards upside in USD/CAD contingent on NAFTA-headlines."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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