USD/CAD has shed 28 pips and last.....>

DOLLAR-CANADA: USD/CAD has shed 28 pips and last deals at C$1.3420, with the

loonie sitting atop the G10 pile.

- Monday saw the pair finish 28 pips lower, as firmer WTI prices & comments from

BoC Gov Poloz, who pointed to stabilising Canadian housing market, applied

weight to the cross in the second half of the day. Resultant CAD strength might

have carried over into today's Asia-Pac session.

- A third rejection of C$1.3420 would see the rate chart a triple bottom

pattern, and shift bullish focus to the 200-HMA at C$1.3453. Conversely, a clean

break below C$1.3420 would open up C$1.3403, where the rate peaked on Apr 16 &

Apr 5, located just a pip above the 21-DMA.

- Canadian labour market report comes out on Friday, alongside domestic building

permits.