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BLOCK Large Midcurve Put Spd Sale


More on Reinvestment Phase

DOLLAR-CANADA: TECHS: Approaching 100-dma
The break back under 1.3000 triggered renewed momentum to print 7-week lows of
1.2965. Immediate focus turns toward the 100-DMA and channel support around
1.2955/60, just ahead of the long term up trendline support from January at
1.2931. A break below here would trigger a more significant bearish signal,
bringing the 200-DMA into play, currently at 1.2819. Bulls need a close above
the 1.3040 level to stabilise the near-term outlook and allow a more sustained
recovery towards 1.3096 and the 1.3116 near term pivotal point.