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USD/CAD last deals at C$1.3295........>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD last deals at C$1.3295 after dropping 75 pips Monday, as
the USD struggled, while CAD drew support from a strong Ivey PMI print & firmer
oil prices, with markets hoping that a global supply glut can be averted amidst
optimism re: global trade & OPEC reportedly sticking to its output cut
commitments. 
- Bears look to yesterday's low/lower Bollinger band (2%) of C$1.3279/78 and a
break below that level would shift their focus to the 2.0% 10-DMA envelope at
C$1.3273. On the topside, initial attention is drawn by the 50-DMA at C$1.3337,
while the next layer of resistance above is provided by C$1.3391, where the rate
peaked Monday. 
- All eyes are on the BoC, which is set to deliver its MonPol decision
Wednesday. BBG's WIRP tool prices in >80% chance of no change to the policy
rate. Elsewhere, Canadian housing starts data is also due Wednesday, while
building permits come out Thursday.

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