Confirmed exemption for Canadian......>

DOLLAR-CANADA: Confirmed exemption for Canadian steel and aluminium trade

tariffs has provided a boost for the Cad as Usd/Cad extends its corrective

pullback away from recent highs of C$1.3001(C$1.2961 Mar8 high) to retest the

recent low of C$1.2868(Mar8 low), marking a fresh low of C$1.2867. Rate

currently trades around C$1.2870. US and Canadian job reports due for release at

1330GMT and seen as the next major influence on direction. Median for Canadian

jobs seen at 21k, though noticeable that two major Canadian banks have forecasts

below this level, one suggesting the unemployment rate to nudge up to 6.0% from

5.9% last. US NFP median seen at 205k, though more focus on earnings, AHE median

0.2%mm, 2.8%yy. Support seen into C$1.2850, a break to open a deeper move toward

C$1.2820. Resistance C$1.2910, C$1.2950/60 ahead of stronger interest at the

recent highs of C$1.3001. Traders also aware that the C$1.3000 level holds the

strike of an expiring option, $1.87bn.