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TECHS: Back to Bullish After a........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Back to Bullish
After a sharp rebound on Friday, USDCAD's upside momentum has continued into
Monday with the cross clearing the 50-dma at 1.3298. 1.3298 was a significant
level which also coincided with down trendline resistance from the Jan 24 high
and the 38.2% retracement. A close at current levels would mark a bullish break
suggesting a resumption of the broader uptrend. Bears need a close below the
200-dma at 1.3166 to change the outlook and put the focus back on trendline
support & 61.8% fibo at 1.3120.

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