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TECHS: Closes Below 200-dma...........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Closes Below 200-dma (Correct, closer levels given)
Strong Canadian jobs data pressured the rate below the trendline off Jan 2018
lows on Friday, resulting in a close below the 200-dma. Bears now look for a
break below the 50% retracement level at 1.3224, to open the way to 1.3200. A
break here would expose the Feb 21 low at 1.3163. Bulls look to recover the
200-dma, before re-focusing on 1.3200, followed by the cloud base at 1.3317.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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