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Recent Gains Considered Corrective


Trend Needle Points North Despite Recent Pullback


Trend Needle Points North Despite Recent Pullback


Late SOFR/Treasury Option Roundup

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USD/CAD last a couple of pips.........>

DOLLAR-CANADA: USD/CAD last a couple of pips higher at C$1.3632, while WTI is
trading ~$0.50 higher at writing.
- Monday saw USD/CAD hit a fresh cycle high of C$1.3665, with bulls looking for
a close above here (there was brief spike above in very thin conditions on Jan
1), with any breach set to switch topside focus to the 61.8% retracement level
at C$1.3686, ahead of the May 2017 highs at C$1.3793. Initial support is noted
at Friday's low of C$1.3595.
- Canadian labour market data, due Friday, headlines the CA economic docket this
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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