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TECHS: Below 200-DMA Brings 1.28......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Below 200-DMA Brings 1.28 Into View
USDCAD closed firmly below its 200-dma on Friday at 1.3129 which brings up
trendline support from the Feb 2018 lows into focus as 1.3060. Below here would
suggest a run at the psychological 1.30 level ahead of a potential run at the
Oct low just below 1.28. Bulls need to recover the 200-dma to stabilise the
outlook while a break above the 100-dma at 1.3212 would suggest a resumption of
the broader uptrend targeting the 1.33 level.

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