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

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Comfortably Below 200-dma
Positive NAFTA headlines saw USDCAD breach its 200-dma in Asia for the first
time in six months, shifting the outlook bearish. Channel base support at 1.2792
is the next downside target as a large topping pattern plays out, below here
opens 1.2528/19 which represents the Apr 17 low & 76.4% retracement of the 2018
range. Bulls need to reclaim the 100-dma at 1.3054 to change the short-term
outlook, before challenging the Sep highs at 1.3226.

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