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USD/CAD sits at C$1.3459, advanced....>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD sits at C$1.3459, advanced nearly 60 pips yesterday, as
oil prices tanked, with WTI touching the lowest lows in more than 2 years at
$45.79, dragging the commodity-tied FX space. Soft domestic m'fing sales added
some pressure on CAD. However, the rate ebbed off of highs towards the end of
the day and has edged lower in today's Asia-Pac dealing. 
- Bulls eye the 23.6% fibo retracement of the move from C$0.9633 to C$1.4690 at
C$1.3497 and a break above would open up a run at the psychological C$1.3500
level, which has remained intact throughout 2018. Meanwhile, bears look to
C$1.3391, where the rate bottomed yesterday, and a fall through that level would
shift their focus to the Dec 14 low of C$1.3347. 
- Canadian docket for the remainder of this week includes domestic CPI due
tomorrow, as well as GDP & retail sales due Friday, while the BoC is set to
release its biz. outlook survey also on Friday.

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