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USDCAD printed C$1.3489 yesterday.....>

DOLLAR-CANADA
DOLLAR-CANADA: USDCAD printed C$1.3489 yesterday before encountering resistance
ahead of C$1.3490/00, a level that has so far proved hard to overcome. CAD has
since benefited from improved oil prices with the rate drifting through
Asia/Europe to C$1.3454. Expect support at C$1.3400/10 from a series of
highs/lows through Mar/April. The 50% retracement level of C$1.3275-1.3521 is
placed just behind at C$1.3398, ahead of the 55 & 100-dma's at C$1.3359/47.   

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