USD/CAD last deals at C$1.3142, 8.....>

DOLLAR-CANADA: USD/CAD last deals at C$1.3142, 8 pips better off on the day, as

a moderation in risk appetite, owing to a cautious piece re: Sino-U.S. trade

negotiations published by Xinhua, pulled CAD to the bottom of the G10 pile.

Worth mentioning the general risk-on theme remains in play, albeit to a limited

degree, as the Xinhua article was preceded by warm rhetoric coming from both

China & the U.S, as U.S. President Trump suspended the next round of tariffs to

be implemented on China as he pointed to a summit with Chinese counterpart Xi.

- The initial layer of resistance is located at C$1.3157, which represents the

200-DMA. A break above would draw bullish attention to the 100-HMA at C$1.3193.

Conversely, after a look below the level, bears look for a break back below

C$1.3134, where the pair bottomed Friday, before they attempt a move at the

lower 1.0% 10-DMA envelope at C$1.3085.

- Canada awaits the release of its CPI due Wednesday, c/a balance due Thursday,

and Dec/Q4 GDP due Friday.