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EURCAD - Minor retracement off the high.......>

FOREX
FOREX: EURCAD - Minor retracement off the high (C$1.5285) aided by the bounce in
oil prices, extends to C$1.5250 and flirts with the 200-dma. Bulls need a close
above here to build on recent momentum, targeting the 38.2% retracement of 2018
range & Dec 6 high at C$1.5292/1.5307. A downside break of the Asia low & 50%
retracement of C$1.5085-1.5285 at C$1.5190/85 changes the short-term outlook,
opening a deeper correction toward the 100-dma at C$1.5057. 

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