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TECHS: 50-DMA Proving Hard To.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 50-DMA Proving Hard To Overcome
Despite a series of tests the 50-dma is proving hard to overcome on a closing
basis which keeps the outlook neutral for now. A close above 1.3369 would
suggest a resumption of the uptrend with bulls targeting the Jan 7 high at
1.3391, ahead of a run at the 1.34 level. Bears need a close below the 100-dma
at 1.3206 to regain control, targeting the Jan 9 & Dec 3 lows at 1.3180/60.
Below here opens a run at the 61.8% retracement & 200-dma at 1.3120/3119.

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