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TECHS: 50-DMA Fails To Support The....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 50-DMA Fails To Support
The 50-dma failed to provide support at 1.3018, denting the resilience of the
broader rally and prompting bulls to switch focus from the 100-dma to the
50-dma. Bears now eye confirmation of the move lower on a close below the Oct10
low at 1.2927 before eyeing the 200-dma at 1.2890. Uptrend support may slow the
downside at 1.2956 as well as the 50% Fibo level of the recent rally at 1.2928.

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