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(U2) Bull Trend Extends


(U2) Northbound


USD/JPY Lower Still


AUD/JPY Falls Below 50-Day MA

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CANADA: Improved oil prices underpinned CAD overnight with commodity tied FX
sitting top of G10. USDCAD eased to C$1.3429 with downside support seen on
approach to C$1.3400 (C$1.3401 - May 16 low). Below here opens triangle base
support & 50-dma at C$1.3394, ahead of the May 10 low at C$1.3381.
- CADJPY briefly challenged its short-term channel top around Y82.10. Bulls
focus remains on a break of the Y82.55/60 double-top area, ahead of the 100-dma
at Y82.87.
- EURCAD closed below the 100-dma & 200-dma Friday with the downtrend extending
through C$1.5000. The cross remains locked in a symmetrical triangle with the
base coming in today at C$1.4949. 

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