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TECHS: 1.30 Area Becomes Key Focus....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 1.30 Area Becomes Key Focus
USDCAD's four-day decline was halted yesterday as bulls mounted a recovery
towards the 1.30 level. This level corresponds to up trendline
support-turned-resistance and the 100-dma and a close above here would keep the
potential bull flag formation alive, re-establishing the bullish trend. Bears
need a break of 129.00 to keep the downtrend intact and target the 200-dma and
channel base support at 1.2844/45. Below here opens the May 22 low at 1.2743.

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