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USD/CAD has shed 7 pips and last......>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD has shed 7 pips and last deals at C$1.3355, as firmer WTI
prices continue to provide support to the loonie, which sits atop the G10 pile
at typing.
- The pair dipped 53 pips yesterday, as improving WTI prices coupled with the
broader post-ECB greenback weakness applied weight through the day. Elsewhere,
Canadian trade deficit came in narrower than exp. and was smallest since Oct
2018.
- Bears look to the nearby 100-DMA at C$1.3351 and a breach of the figure would
expose the lower 1.0% 10-DMA envelope at C$1.3309. Bulls need a break above
C$1.3400 before attempting a move at the 50-DMA, located at C$1.3417.
- Canadian labour mkt report comes out later today.

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