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TECHS: Close above 50-dma would be....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Close above 50-dma would be a bullish development:
*RES 4: 1.3383 High Sep 3 and key resistance
*RES 3: 1.3345 High Sep 4
*RES 2: 1.3246 High Sep 5
*RES 1: 1.3192 High Sep 10
*PRICE: 1.3199 @ 15:55 GMT Sep 11
*SUP 1: 1.3134 Low Sep 10
*SUP 2: 1.3103 76.4% retracement of Jul 19 - Sep 3 rally
*SUP 3: 1.3041 Low Jul 22
*SUP 4: 1.3016 Low Jul 16
The downtrend of lower lows appears to have ended Wednesday, with the possible
close above the 50-dma signalling a bullish development. While a finish above
1.3197 wouldn't necessarily indicate a full reversal, it would certainly hinder
the bearish case. Bulls now eye 1.3246 for upside impetus, with bears needing to
control this setback and return prices below 1.3134 to resume the downtrend.

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