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

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Closes Below 200-dma
Strong Canadian jobs data pressured the rate below the trendline off Jan 2018
lows on Friday, allowing a close below the 200-dma. Bears now look for a break
below the 50% retracement level at 1.3124, to open up the Feb 25 low at 1.3113,
followed by 1.3100 and the 50-mma at 1.3096. 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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