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TECHS: CAD Momentum Builds Despite....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: CAD Momentum Builds
Despite a minor rebound back above 1.3100, the stronger-than-expected Canadian
CPI release is starting to generate positive intraday signals. Daily cloud base
support remains intact at 1.3058, below here bears need to break the Aug 10 low
at 1.3042 to regain control and target the August lows of 1.2962. A topside
break of channel resistance is needed to suggest a bull flag breakout is in
play. Initial gains are likely to target 1.3290 and then the 1.3389 high, under
this scenario.

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