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USD/CAD remains well offered

USD/CAD is capturing attention with its sustained price move and soaring volatility.

The search for a low in today's trading is reflected in the 2-standard deviation bands expanding for several consecutive hours. Moreover, the near-term technical picture shows recent close prices printing below the 50 exponential moving average, a bearish condition that should it persist, would help maintain prices below the SAR indicator.

The parabolic SAR has yet to switch direction after two sessions of downward price movement. By doing so means shorts are taking profit. Risks exist the volatility and down drift extend to higher time frames.

China Sept Manufacturing PMI sees slight improvement

China Manufacturing PMI for September came in at 49.8 vs 49.7 expected, while the non-manufacturing PMI (services PMI) was 53.4 vs 53.4 last.
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AUD/USD rallies, testing bears commitments nr 1hr200 SMA

AUD/USD is currently on the bid having come from a low of 0.6998 and has penetrated through the 20 SMA on the hourly chart at 0.7018, rising with continued demand for the Aussie.
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