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AUDCAD - Recovery efforts seen shallow with...>

FOREX: AUDCAD - Recovery efforts seen shallow with the cross holding near the
base of its C$0.9223-66 range. The AUDUSD break back under $0.7200 seen adding
weight amid the backdrop of firmer oil prices & CAD (See MNI Analysis email -
Oil surge and NAFTA agreement pressure AUDCAD). Channel base support remains at
C$0.9197, below here would see bears target the psychological C$0.9000 area,
ahead of the long-term 50% retracement level of the Dec 2008 low - March 2012
high at C$0.8978. 

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