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TECHS: Consolidation Phase USDCAD.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Consolidation Phase
USDCAD continues to trade in a tight range after breaking above down trendline
resistance early last week. The bigger picture remains bullish as the bull flag
is intact, but bulls require a close above the 1.32 level which has proven
difficult to overcome in recent sessions. Bears need a break of 1.2900 to
re-establish the downtrend and target the 200-dma and channel base support at
1.2860/46.

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