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USD/CAD has added 21 pips and last....>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD has added 21 pips and last trades at C$1.3438, as
investors shy away from risk assets in the wake of weekend news flow. Numerous
press reports suggested a serious stalemate in U.S.-China trade talks, while
both sides of the conflict engaged in a blame game, which continues to inspire
risk-off flows at the beginning of the week.
- A break above the 200-HMA & 100-HMA, located at C$1.3452 & C$1.3460
respectively, would open up C$1.3484, where the rate peaked on Friday.
Meanwhile, bears look for a pullback through the 21-DMA at C$1.3426 towards the
50-DMA at C$1.3389, situated just above Friday's low.
- Canadian CPI comes out on Wednesday, while on Thursday the BoC will publish
its Financial System Review.

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