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TECHS: Back Below 200-DMA USDCAD......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Back Below 200-DMA
USDCAD remains below its 200-dma following yesterday's break but the 61.8%
retracement & trendline support off the Oct 1 low remain intact for now. Bears
look for a break below the 1.31 level to open the Feb 1 low at 1.3069. To
re-ignite upside momentum bulls need to close above the 200-dma at 1.3162. This
brings the 1.32 level back into view, ahead of down trendline resistance & the
100-dma at 1.3255/61. 

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