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DOLLAR-CANADA: TECHS: CAD Recovery Fails To Stick
CAD failed to cling to gains which followed the stronger-than-expected Canadian
jobs data on Friday. The broader uptrend remains intact with topside focus on
the Mar 6 high at 1.3468. Above here brings the Jan 4 high at 1.3496 back into
view, ahead of the 76.4% retracement level at 1.3524, while the inverse head and
shoulders target comes in around 1.36. Bears need a close below Friday's low at
1.3391 to open the 55-dma at 1.3309.