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TECHS: CAD Boosted by Firmer Oil......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: CAD Boosted by Firmer Oil
USDCAD has so far rejected a break of 1.3500/05 and remains locked in a rising
wedge chart pattern. Firmer oil prices underpinned with the rate touching
pullback lows of 1.3409. Short-term up trendline support comes in today at
1.3405, a break opens the cloud top & 100-dma at 1.3362/39. Bulls need to clear
triangle top resistance, before returning the focus to the Apr 24 high at
1.3521.

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