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TECHS: Above Triangle Resistance......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Above Triangle Resistance
The ongoing rise in oil prices has proved no match for the stronger dollar which
allowed USDCAD to break above triangle resistance yesterday. This brings the
double-top resistance area back into view at 1.3465/70, above which leaves not
much in the way of major resistance to slow a move towards the December highs of
1.3665. On the downside, bears need to clear the 100-dma at 1.3341, while a
downside break of the 55-dma at 1.3323 would shift the outlook negative, opening
the March 19 low & triangle base at 1.3251/40.

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