USD/CAD has stuck to a 20 pip range...>

DOLLAR-CANADA: USD/CAD has stuck to a 20 pip range and last deals at C$1.3150, a

couple of pips above session lows, as risk on flows lend modest support to the

CAD. 

- The rate moved higher yesterday, although Canadian GDP came in slightly above

expectations. The move higher came as oil prices fell, with WTI crude breaking

below the psychological $65.00 level extending its monthly decline to >10%. 

- Meanwhile, the DXY hit its strongest levels in more than a year on the back of

SOMA day flows/month-end fixing, as well as outperforming U.S. equities driven

up by tech sector. 

- Bulls briefly tested yesterday's high at C$1.3165 earlier in the Asia-Pac

session and seek consolidation above to move towards the key C$1.3200 level. On

the downside, bears need a move below the initial support at C$1.3110 before

targeting the 100-DMA at C$1.3078. 

- Focus this week falls on Canadian labour mkt data due Friday & remarks by

BoC's Schembri & Lane later today.