1 euro to 1.3177 Canadian dollars,1 British pounds sterling = 1.5946 Canadian dollars, 1 US dollar = 1.0354 Canadian dollars

U.S. dollar Canadian dollar October 12, 2010

U.S. dollar Canadian dollar to consolidate with risks skewed higher. Buoyed by softer oil prices (Nymex crude settled down 45 cents yesterday at $82.21/bbl); profit-taking on short-USD positions. But U.S. dollar Canadian dollar USD/CAD gains tempered by expectations of more QE measures from U.S. Fed; CAD-USD yield advantage. USD/CAD daily chart mixed as MACD bearish, 5- & 15-day moving averages falling; but stochastics turned bullish at oversold. Resistance at 1.0150 (yesterday''''s high); breach would expose upside to 1.0227 (Friday''''s high), then 1.0272 (Oct. 5 high), 1.0313 (Oct. 1 high), 1.0346 (Sept. 30 high, near 55-day & 200-day moving averages) and 1.0361 (Sept. 28 high). Support at 1.0084 (yesterday''''s low), then at 1.0070 (Thursday''''s low) and 1.0058 (Wednesday''''s low); breach would reinstate near-term negative bias, exposing downside to 1.0010 (April 29 low), then 0.9926 (April 21 low), 0.9816 (May 21, 2008 reaction low) and 0.9708 (Feb. 28, 2008 reaction low).