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EURCAD - Despite closing above the 100-dma....>

FOREX
FOREX: EURCAD - Despite closing above the 100-dma last Friday, technical studies
are currently suggesting a future bearish trend with the rate charting a death
cross & bearish harami candle pattern. Should the C$1.5144/47 area hold (Mar 3
high & 200-dma), we could see a short-term reversal back through C$1.51 with
immediate support located at C$1.5065 from the 50% retracement level of
C$1.4882-1.5247. 

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