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TECHS: Bulls Fail To Extend Gains ....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bulls Fail To Extend Gains 
The recovery in oil prices from yesterday's early lows as well as the paring
back of dollar gains generally helped USDCAD fall back into range after failing
to overcome the 1.35 level yesterday. The broader bullish picture remains intact
though with 1.3480 and the 1.35 handle the upside targets. Above here opens the
April 24 high at 1.3521 while a move north of here shifts targets to the 1.36
handle. Bears need to break back below 1.34 to return the focus to the May 1 low
at 1.3377 and the April 22 low at 1.3336.

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