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The political mess in Australia.......>

DOLLAR-CANADA
DOLLAR-CANADA: The political mess in Australia where PM Malcolm Turnbull has
lost the support of key cabinet ministers pressured AUD overnight, triggering
USD strength across the board. USDCAD briefly dipped under C$1.3000 yesterday to
challenge the 100-dma, but has since squeezed to the C$1.3040/45 area. Near-term
resistance is seen at C$1.3082/93 (50% C$1.3177-1.2987/Aug20 High), a break here
opens a move toward channel & cloud top resistance. Intraday support now comes
in at C$1.3000. 

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