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TECHS: 100-DMA Underpins USDCAD.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 100-DMA Underpins
USDCAD based ahead of 1.3289, before meeting support from the 100-dma. A
double-bottom 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. Bulls
look to clear 1.34 to stabilise the outlook, which would put the focus back on
the Mar 6 high at 1.3468, ahead of the Jan 4 high & 76.4% retracement at
1.3496/1.3524. While the inverse head and shoulders target comes in around 1.36.

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