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TECHS: 100-DMA Holds Firm USDCAD......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 100-DMA Holds Firm
USDCAD briefly dipped under 1.33, before meeting support from the 100-dma. Rate
extended the recovery back through 1.3370 with bulls looking for a close above
1.34 to stabilise the outlook. This would put the focus back on the Mar 6 high
at 1.3468, ahead of the Jan 4 high at 1.3496. Double-bottom support has now
formed at 1.3285/90, with a break needed to extend the downtrend and target the
Feb 22 high & 50% retracement level at 1.3242/24.

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