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Bullish momentum continues to.........>

DOLLAR-CANADA
DOLLAR-CANADA: Bullish momentum continues to support USDCAD, but the medium term
pivotal point at 1.2917 continues to limit gains. The bullish structure of the
recent rally points to an eventual break through 1.2917, opening the way for
gains to be extended towards 1.30, with a focus on the 1.3125 March peak and
then the upper end of the major ascending channel at 1.3160. However, risk of an
initial near-term corrective pullback is increasing, according to intra-day
momentum indicators. A move below 1.2820 would likely trigger a corrective dip
to 1.2756, from where the uptrend should be resumed.

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