• USD/CAD is up 0.4% after the U.S. hot PPI-induced a peak at 1.3690

• That high again saw sellers into the 61.8% of Oct-Nov drop there

• This is the fourth straight session with highs by that Fibo

• Bounce in Treasury yields post-PPI nL1N32Z10K and risk dip lift

• Prices also possibly boosted by Keystone pipeline closure nL1N32Z10K

• BoC only seen having 13bp of rate hikes left vs 114bp from the Fed

• By end of 2023, BoC rate's priced at 4.1% vs 4.5% for Fed funds

• Trends is up unless while above Tues's low and on-close pivot pt at 1.3558

• The 76.4% Fibo and Nov high by 1.3800 are hurdles pre-2022's 1.3975 peak

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