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TECHS: Cracks on BoC Decision After...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Cracks on BoC Decision
After hiking and dropping the reference to a "gradual approach" to rate rises,
USDCAD broke below the 50-dma/key psychological support at 1.3013/00. A move
lower could bring the 16-Oct low/38.2% retracement from Sep lows to Oct highs
and 200-dma into play at 1.2917/16/10. Below here opens the 50% fibo of 2018
range at 1.2819, ahead of the Oct 1 low at 1.2789. Bulls need to move back above
the 100-dma at 1.3066/70 to regain control.

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