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TECHS: Downtrend Takes a Pause........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Downtrend Takes a Pause
USDCAD trades back above 1.28 with bulls looking to fill the gap following the
recent NAFTA announcement. A break of 1.2900/20 targets the 100-dma at 1.3053,
ahead of Sep highs at 1.3226 to change the short-term outlook. Bears focus
remains on channel base support at 1.2792, a break would see a large topping
pattern play out. Below here opens 1.2528/19 which represents the Apr 17 low &
76.4% retracement of the 2018 range.

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