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USD/CAD last sits at C$1.3297, 5......>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD last sits at C$1.3297, 5 pips shy of the neutral levels.
- From a technical perspective, bears look for a clean break under the 200-DMA
at C$1.3277, which would give them a green light for targeting the tentative
trendline support at C$1.3231. On the flip side, above the Nov 28 of C$1.3328
would give bulls some momentum, bringing the Oct 10 peak at C$1.3346 into view.
- The rate traded within a tight range Friday before dropping to its intraday
low of C$1.3255 in reaction to better than expected Canadian retail sales data.
However, the combination of softer oil prices and better than expected U.S.
Markit PMI & Uni. of Mich. Surveys allowed the pair to more than erase its
earlier losses into the WMR fix. USD/CAD held onto those gains thereafter and
finished the day in the green.
- Canadian focus this week includes whole trade sales, due later today, current
account data, due Thursday, and GDP numbers, due Friday.

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