• $CAD near Monday high into Europe cls, +0.4% at 1.3998; NY range 1.4001-77

• USD gain lags other major CCYs after US-China tariff delay announced

• Mixed commod performance tempers CAD dip; oil +2.5%, copper -0.8%, XAU -2%

• CAD short, approx +$5.2bn, largest USD long among majors

• $CAD res 1.40 psychological lvl, 1.4018- 200DMA, 1.4083 50% of 1.4414-1.3751

• Supt 1.3966 upper 21-d Bolli, 1.3895 Monday low, 1.3861 rising 10-DMA

CAD Chart:


(Paul Spirgel is a Reuters market analyst. The views expressed are his own)