USD/CAD edging higher in early........>

DOLLAR-CANADA: USD/CAD edging higher in early dealing after Saudi Arabia

suspended all new trade & investment with Canada. It is worth noting that today

is a market holiday in Canada so USD/CAD liquidity may be diminished.

- USD/CAD last C$1.3007. Last week saw the pair keep the pressure on the lower

end of the six-week descending channel where support currently intervenes at

C$1.2955, just ahead of the long term up trendline support from January at

C$1.2931. A break below here will trigger a more significant bearish signal,

bringing the C$1.2819 area in to play. A break above C$1.3039/50 is now needed

for near-term stability, opening the way for a recovery towards C$1.3191 ahead

of the 1.3290 July high.

- Canadian labour market data, due Friday, headlines the CA docket this week.