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Back Under 1.30.......................>

DOLLAR-CANADA
DOLLAR-CANADA: Back Under 1.30
Stronger-than-expected Canadian GDP breached the 1.30 level to give bears the
upper hand. Next support is seen at 1.2900, a break opens the Sep 20 low &
200-dma at 1.2885/69. Below here would suggest a large topping pattern is
unfolding, opening channel base support at 1.2792. Bulls need to reclaim the
100-dma at 1.3055 to change the short-term outlook, before targeting the 50%
retracement level at 1.3136.

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