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DOLLAR-CANADA: TECHS: 100-dma provides key staging post
The 100-dma at C$1.3236 has provided firm support on a closing basis on several
occasions this week and provides a firm base for a further recovery in the pair.
Despite oil prices rallying further Thursday, bulls set sights on firstly the
Tuesday high at C$1.3315 before any attempt on the 50-dma at C$1.3352. The
bearish argument will pick up momentum on a downside break of the 200-dma at
1.3144, ahead of up trendline support & the ytd low at 1.3079/69.