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TECHS: 200-DMA Key Despite touching...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 200-DMA Key
Despite touching recovery highs of 1.3147 yesterday, USDCAD failed to
consolidate gains and closed below the 200-dma (1.3130). This keeps the recent
downtrend intact with bears focus on the ytd low & up trendline support at
1.3069/60. Bulls need a close above the 200-dma to stabilise the outlook, while
a break above the 100-dma at 1.3212 would suggest a resumption of the broader
uptrend targeting the 1.33 level.

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