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TECHS: Bears Targeting Close Under....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bears Targeting Close Under 200-DMA
USDCAD breached the 200-dma (1.3128), extending the downtrend to near 3-month
lows of 1.3100. A weekly close below would strengthen the bearish case and
suggest a run at the psychological 1.30 level. Bulls need to recover the 100-dma
at 1.3212 to return the outlook neutral, while a break back above 1.33 is needed
to suggest a resumption of the broader uptrend, targeting the Jan 7 high.

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