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TECHS: Bearish Momentum Builds........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bearish Momentum Builds
Positive NAFTA headlines saw USDCAD crash below its 200-dma yesterday to shift
the bigger picture outlook bearish. Channel base support provides the next
downside hurdle at 1.2792, a break would see a large topping pattern play out.
Below here opens 1.2528/19 which represents the Apr 17 low & 76.4% retracement
of the 2018 range. Bulls need to reclaim the gap left around 1.29 following the
NAFTA news to gain some breathing room and target the 100-dma at 1.3053 to
improve the outlook and challenge the Sep highs at 1.3226.

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