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CAD has failed to build on Asia gains........>

CANADA
CANADA: CAD has failed to build on Asia gains following release of the G&M
report that suggested Canada is ready to make NAFTA concessions re: dairy,
highlighting that Ottawa is aiming to protect dispute resolution, cultural
industries & generic drugs. USDCAD touched react lows of C$1.2903, but has since
retraced to the C$1.2923/28 area. Bears look to re-test yesterday's low of
C$1.2888, a break opens a move toward the key C$1.2840/45 area which holds
channel base support & the 200-dma. Having closed above the 200-dma, CADJPY
flirts with the Y86.00 handle and looks to challenge double-top resistance at
Y86.20/25. EURCAD dips back under C$1.51, last C$1.5090. 

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