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TECHS: Bears Target 100-DMA USDCAD....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bears Target 100-DMA
USDCAD broke firmly back below the 1.34 level on Friday on the back of
stronger-than-expected GDP figures, shifting the near term outlook negative and
opening the 100-dma at 1.3321. Below here opens the 38.2% retracement level &
Mar 1 high at 1.3316/07, ahead of the 50-dma & Mar 21 low at 1.3286/76. Bulls
need to recover the 1.34 handle, before putting the focus back on the double-top
resistance area at 1.3465/70.

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