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TECHS: 200-dma Underpinning *RES 4:...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 200-dma Underpinning
*RES 4: 1.3383 High Sep 3
*RES 3: 1.3331 61.8% retracement of the Jun - Dec decline
*RES 2: 1.3329 High Feb 10 and key resistance
*RES 1: 1.3296 High Feb 2
*PRICE: 1.3214 @ 17:12 GMT Feb 21
*SUP 1: 1.3214 Low Feb 19 / 200-dma
*SUP 2: 1.3191 Low Jan 30
*SUP 3: 1.3172 Trendline support drawn off the Jan 7 low
*SUP 4: 1.3155 Low Jan 28 and 29
So far this week, the 200-dma has proved a decent level of support and a weekly
close below would be a bearish development. Recent overbought conditions have
now fully unwound and a leg lower is becoming more likely. This would initially
target 1.3191 ahead of 1.3155. Initial resistance remains at 1.3296, Feb 12
high.

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