USD/CAD slips 0.23% to 1.2834 after US PMI misses; Fri range 1.2897-25

US business activity contracts in July for 1st time in 2-yrs nZON005ZC3

PMI miss shifts Fed hike path expectations lower, $CAD follows US yields lwr

Key Fib at 1.2083 and 55-DMA at 1.2866 give way, close below favors declines

Support at daily cloud top 1.2799, 100-DMA at 1.2775

Res Friday high 1.2897, 21-DMA 1.2938, 10-DMA caps at 1.2958