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The Saudi-Canadian situation has......>

DOLLAR-CANADA
DOLLAR-CANADA: The Saudi-Canadian situation has limited CAD this week, with
USD/CAD last at C$1.3050. 
- USD/CAD has rebounded strongly from its 100-DMA at C$1.2963, with yesterday's
gains above C$1.3040 creating a bullish reversal pattern. The rebound also
maintains the bullish trend developed since January. A break above the C$1.3096
level would add to the bullish signals, with gains through the pivotal C$1.3116
level needed to confirm that a sustained recovery is developing. A break below
C$1.2962 would now be needed to trigger a bearish signal.
- Canadian labour market data, due Friday, headlines the CA docket this week.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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