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TECHS: Double Top Resistance in.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Double Top Resistance in View
The ongoing rise in oil prices has proved no match for the stronger dollar which
allowed USDCAD to break above triangle resistance yesterday. This brings the
double-top resistance area back into view at 1.3465/70, above which leaves not
much in the way of major resistance to slow a move towards the December highs of
1.3665. On the downside, bears need to clear the 100-dma at 1.3341, while a
downside break of the 55-dma at 1.3323 would shift the outlook negative, opening
the March 19 low & triangle base at 1.3251/40.

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