USD/CAD added 25 pips overnight and...>

DOLLAR-CANADA: USD/CAD added 25 pips overnight and last deals at C$1.3234, off

of the intraday high at C$1.3243, as CAD sits at the bottom of the G10 currency

table, pressured by a downtick in oil prices. The move comes in the wake of

yesterday's BoC MonPol decision, whereby the BoC left its rate unch. and

repeated its commitment to hiking rates to neutral, but added the phrase "over

time". 

- The C$1.3252 level, which represents the cloud top, provides initial

resistance and a break above would open up yesterday's peak at C$1.3280.

Conversely, bears target the 100-DMA at C$1.3180, where the pair bottomed

yesterday, before challenging the 61.8% fibo retracement of the move from

C$1.2783 to C$1.3665 at C$1.3120. 

- Canadian focus turns to domestic building permits due later today.