Soft oil prices pressured CAD.........>

DOLLAR-CANADA: Soft oil prices pressured CAD overnight before hawkish remarks

from BoC Governor Poloz that said Canada economic fundamentals are quite solid

and isn't expecting a recession in 2019, took the rate back under C$1.3400.

USDCAD sits flat at the European crossover with resistance seen at C$1.3436/45

from the 2% upper Bollinger band & Dec6 high. Near-term support at C$1.3336 from

the 38.2% retracement of Dec range. CADJPY dipped back under Y84.00 with bears

targeting a break of the Dec 6 low at Y83.56. AUDCAD encountered support ahead

of the 100-dma and last deals C$0.9632. A close above this key level opens the

Dec 13 high at C$0.9678. EURCAD comfortably holds above C$1.52 with bulls

looking to challenge the 38.2% retracement of 2018 range & Dec6 high at

C$1.5292/1.5307.