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TECHS: 50-DMA Resistance Holds Firm...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 50-DMA Resistance Holds Firm 
The failure to break back above its 50-dma yesterday saw the pair slip below
Monday's low on a closing basis, giving bears the near-term edge to target the
200-dma at 1.2881. Below here would strengthen the case for a large topping
pattern. Bulls need to break above the 50-dma at 1.3015 to challenge the Sep 27
high and attempt to turn the downtrend channel from the June highs into a bull
flag. 

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