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TECHS: 200-dma Holds The Key USDCAD...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 200-dma Holds The Key
USDCAD has recovered from multi-month lows of 1.3069, printed Friday, to flirt
with the 200-dma (1.3130). Bulls need a close above here to stabilise the
outlook, while a break above the 100-dma at 1.3214 would suggest a resumption of
the broader uptrend targeting the 1.33 level. Downside focus remains on a break
of up trendline support from the Feb 2018 lows at 1.3061.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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