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TECHS: Bears Challenging 1.29 The.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bears Challenging 1.29
The convincing break of 1.30 retains the downward trend with bears targeting the
1.2900 level. Below here brings the Aug 28 low and the 200-dma into focus at
1.2888/64, a break of which would suggest a large topping pattern is unfolding.
Bulls look for a break back above the 50-dma at 1.3072 and 50% retracement level
at 1.3101 to return the focus to the upside and extend longer-term gains.

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