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TECHS: Bulls Looking For A Breakout...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bulls Looking For A Breakout 
The failure to close above 1.31 in recent days keeps down trend channel
resistance intact for now, but bigger picture shows bullish momentum resuming
and a close above Friday's high of 1.3132 would trigger a bull flag formation,
shifting the outlook firmly positive. Bears need to break the 50-dma/61.8%
retracement at 1.3016/13 to regain control, bringing the 200-dma at 1.2911 into
focus. Below here opens the 50% fibo of the 2018 range at 1.2819, ahead of the
Oct 1 low at 1.2789.

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