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Heading South


BLOCK, Large 5Y Buy


Key Support Levels Remain Intact

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DOLLAR-CANADA: USD/CAD observed a sub 20-pip range overnight, as risk off flows
nullified any spill over from higher oil prices (which largely came about on the
back of the same matters that triggered the risk off flows, and faded through
the session).
- The rate last deals at C$1.3025, virtually unchanged the nearest notable
support level comes in at Friday's intra-day low (C$1.3003), with resistance
noted at the 100-DMA (C$1.3064).
- The focus of today's CA docket will be the quarterly BoC business outlook
survey and the CA existing home sales data, with CA retail sales & CPI due
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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