Despite briefly clearing C$1.31 post.........>

CANADA: Despite briefly clearing C$1.31 post Retail Sales on Friday, USDCAD

eased back to the C$1.3050 area to maintain the bearish outlook. The pair has

largely consolidated around this level and returns downside focus to the Jul 19

low & Oct 25 2018 low at C$1.3016/15, ahead of the psychological C1.30 level. 

- CADJPY holds above the 100-dma & channel base drawn off the Jun 3 low. Bulls

look for a break above Y83.00 to bring the 83.20/25 resistance area back into

view which holds a series of previous highs, 61.8% retracement of the Mar-Jun

fall & 200-dma.

- EURCAD - Failure to clear former trendline support-turned-resistance on Jul 10

has seen the downtrend extend to near 2-year lows of C$1.4605. Recovery efforts

remain shallow with key support seen around the psychological C$1.4600 level.