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DOLLAR-CANADA: TECHS: 200-DMA Back In Focus
USDCAD failed to overcome trendline resistance yesterday with the subsequent
reversal extending to 1.3196. Bears target a downside break of the 200-dma at
1.3141, ahead of up trendline support & the ytd low at 1.3079/69. Bulls need a
close above the 100-dma (1.3233) to change the outlook, above here puts focus
back on the 1.33 level, ahead of the Jan 24 high at 1.3375.