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USDCAD trades at 1.2923, after the....>

DOLLAR-CANADA
DOLLAR-CANADA: USDCAD trades at 1.2923, after the CAD fell afoul of NAFTA
issues/USD strength on Wednesday.
- To the upside 1.2933 represents the 38.2% Fibonacci retracement of the
1.3125-1.2815 move, with the Mar 22 high noted nearby at 1.2936.
- To the downside 1.2835 represents the 1% volatility band, with any break of
that level opening up a move toward the Mar 12 low at 1.2803.
- Canadian GDP represents the major domestic risk event for CAD on Thursday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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