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Having based ahead of up trendline....>

DOLLAR-CANADA
DOLLAR-CANADA: Having based ahead of up trendline support, we highlighted in an
analysis email on Tuesday that USDCAD could see a short-term recovery (Technical
Studies Suggest Short-term Recovery - Feb 5 1329GMT). USDCAD is now comfortably
above the 100 & 200-dma's, extending the move to C$1.3246. This brings the
C$1.3280/00 area into view which has previously registered a series of highs and
holds the 38.2% retracement of C$1.3665-1.3069. A break here is likely to
accelerate the move toward 50-dma & 50% fibo at C$1.3353/67. USDCAD last
C$1.3244.   

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