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TECHS: DMAs key at the close: *RES....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: DMAs key at the close:
*RES 4: 1.3435 76.4% retracement of the May 31-Jul 19 decline
*RES 3: 1.3432 High Jun 18
*RES 2: 1.3355 61.8% retracement of the May 31-Jul 19 decline
*RES 1: 1.3306/08 200-dma/100-dma
*PRICE: 1.3277 @ 14:51 GMT Aug 08
*SUP 1: 1.3228/26 Cloud base/55-dma
*SUP 2: 1.3178 Low Aug 05
*SUP 3: 1.3123/19 50-mma/200-wma
*SUP 4: 1.3106 Low Jul 31
USDCAD rejected a break of 1.3350 yesterday with the oil recovery easing back
under the 1.33 level. The 100 & 200-dma's remain key at the close today, the
cloud top and former channel top are placed behind at 1.3312/16. A break here
would cement the uptrend, opening the 61.8% retracement of the May-Jul decline
at 1.3355. On the downside a subsequent break of 1.32 would reignite bears
interest, returning the focus to the Jul 19 ytd low at 1.3016.

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