• $CAD off Fri low into Europe cls, -0.13% at 1.4175; Europe range 1.4190-51

• CAD short unwind continues amid lower UST yields, softer trade outlook

• Commodities off early highs, oil flat, copper -2.52% saps CAD strength

• Net spec CAD short was -160k contracts as of Feb 4, $CAD -0.6% since Feb 4

• $CAD supt 1.4151 Friday low, 1.4141 daily cloud base, 1.4111 100-DMA

• Res 1.4201 Friday high, 1.4242 falling 55-HMA, 1.4294 the 10-DMA

CAD Chart:

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