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USD/CAD shed 19 pips overnight and....>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD shed 19 pips overnight and last sits at C$1.3130, weighed
on by soft USD (struggling to recover from post-FOMC weakness) & an uptick in
oil prices, as WTI added ~$0.40 overnight. 
- Yesterday's breach of the 100-DMA moved the outlook to bearish and the
downside focus now falls on the 200-DMA at C$1.3126. Below lies yesterday's YTD
low of C$1.3119 and a fall below would draw attention to the Nov 8 low of
C$1.3088. Conversely, bulls focus on the Nov 20 low/Dec 3 low of C$1.3156/60 and
a break above would bring the 100-DMA at C$1.3211 into view. 
- Canadian GDP comes out later today, a few hours before a speech by BoC Dep Gov
Wilkins, while Friday will see the release of Canadian m'fing PMI.

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