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USD/CAD At Session High

|Includes:CurrencyShares Canadian Dollar Trust ETF (FXC)

Some jitters about Canadian house prices and broad risk aversion are weighing on the Canadian dollar. The CMHC, which is Canada's Fannie/Freddie showed its holding $570 billion in mortgages, up 10% y/y.

USD/CAD (NYSEARCA:FXC) is a dip-buyers' market and there is corporate sell interest starting at 1.0300 to 1.0360. Given the broadly negative (and worsening) sentiment, there is no reason to be short.

http://www.forexlive.com/blog/2012/05/30/usdcad-at-session-high/

Stocks: FXC