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USD/CAD has edged lower and last......>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD has edged lower and last deals at C$1.3240 after closing
51 pips lower Friday, as WTI hit a fresh YTD high of $55.87 after Saudi Arabia
halted output at its largest offshore oil field to repair a damaged power cable,
while progress in Sino-U.S. trade talks triggered optimism re: global demand for
crude oil. Meanwhile, a soft U.S. industrial production print added some
pressure to the USD. 
- Worth highlighting that today is a Canadian national holiday, which will sap
liquidity from CAD crosses. 
- Bears need a move through the Feb 14 low of C$1.3229 before attempting a run
at C$1.3149, which represents the 200-DMA. Conversely, the initial bullish
target is provided by Friday's high of C$1.3313 and a jump above would bring the
55-DMA/50-DMA at C$1.3347/48 into view. 
- Domestic retail sales data due Friday headlines the Canadian docket this week.
Elsewhere, BoC Gov Poloz is due to speak Thursday.

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