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USD/CAD dropped 12 pips overnight.....>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD dropped 12 pips overnight and last sits at C$1.3253, just
above session lows, with oil trading virtually unchanged at writing. 
- Initial support noted at C$1.3227, where the rate bottomed Tuesday, and a
break below would open up the 1.0% 10-DMA envelope at C$1.3193. Conversely,
initial resistance is located at the Jan 14 high of C$1.3298, just below the
psychological C$1.3300 figure. 
- Canadian CPI headlines the local docket this week, and is due for release on
Friday.

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