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TECHS: Challenging Multi-month........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Challenging Multi-month Highs
Having previously breached triangle top resistance, yesterday's dovish BoC
spiked through 1.3500 to 1.3521, its highest levels since early January. The
76.4% retracement level of the Dec - Jan fall comes in just behind at 1.3524.
While a close above here puts the focus back on the Dec31 high at 1.3665. To the
downside, bears need to clear the 1.34 level & 100-dma at 1.3342. A close below
the 55-dma at 1.3327 would shift the outlook negative, opening the March 19 low
& triangle base at 1.3251/48.

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