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DOLLAR-CANADA: TECHS: Consolidating Gains
USDCAD remains on the front foot following the recent rally with a topside break
of 1.3457 yesterday extending the recovery. The Jan 4 high at 1.3496 is now back
into view, ahead of the 76.4% retracement level at 1.3524, while the inverse
head and shoulders target comes in around 1.36. Bears need a close below the
38.2% retracement & 55-dma at 1.3325/12 to stabilise the outlook.