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Rate continues to grind lower,........>

DOLLAR-CANADA
DOLLAR-CANADA: Rate continues to grind lower, touching fresh YTD lows down at
C$1.3090, the lowest USD/CAD rate since early November as modest USD weakness
twinned with continued improvement in commodities prices helps press the pair
lower. The Nov7 low at C$1.3056 provides the first support, with the lower 3%
Bollinger Band then kicking in at C$1.3047. The 50-month moving average then may
begin to garner interest, currently sitting at the C$1.3024 mark.

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