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LDP Suffers Setback In Upper House By-Elections


AUCTION‌ ‌PREVIEW:‌ ACGB Nov-24 Supply Due


Kiwi Slightly Lower, Local Markets Shut


(Z1) Edging Lower

DOLLAR-CANADA: TECHS: Falling Back Into Range. 
After failing to take out resistance at the Aug 2 high, USDCAD has fallen back
into its recent range. A hold and close above the 1.3040 level is required to
stabilise the near-term outlook and allow a more sustained recovery towards
1.3096 and the 1.3116 near term pivotal point. Gains above here would suggest a
base is forming. However, failure below 1.3040 keeps the pressure on the
downside targeting the 100-DMA and channel support around 1.2955/60, just ahead
of the long term up trendline support from January at 1.2931. A break below here
would trigger a more significant bearish signal, bringing the 200-DMA into play,
currently at 1.2819.