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TECHS: CAD Firms on Strong Core CPI...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: CAD Firms on Strong Core CPI
Rejection ahead of triangle top resistance yesterday, further accelerated
through 1.33 after the strong Canadian core CPI reading. On the downside, a
close below the 55-dma at 1.3299 would shift the outlook bearish and open the
March 19 low & triangle base at 1.3251/22. Bulls need a close above 1.3401 to
bring the double-top area back into view at 1.3465/70, ahead of the Jan 4 high
at 1.3496.

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