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Loonie awaits the U.S. election

Loonie has been relatively unaffected by the recent developments around the U.S. election, spending the past two weeks in a narrow, one cent, range between 1.335 and 1.345. Any post-election dip may be worth buying due to still weak fundamentals.
1.33 is the initial support with more near 50 DMA (1.32) and then the pending intersection of 100 and 200 DMA (1.31). On the upside, 1.3450 - 1.35 is followed by 1.3575 - 1.36 and then 1.37.
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Aussie awaits a catalyst for a move

Australian dollar's range for this week has been barely over 50 pips with the main action in other currencies. Nevertheless, narrow ranges are almost always followed with a breakout to the either side and FOMC meeting on Wednesday or Aussie labour force report on Thursday could be the catalysts.
The pair is trading near the trendline drawn off of 2001 and 2008 lows and just below 100 DMA. 50 DMA, approaching from above, is the next resistance. Stronger support is about 100 pips below and compris…
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