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TECHS: Failed attempt to turn.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Failed attempt to turn picture positive
Bears remain in charge following Friday's sharp move lower despite a brief (and
failed) attempt to drive USD/CAD through the midpoint of Friday's range. The
bearish outlook has taken the attention away from channel resistance and put it
firmly on up trendline support from the February low and 100-dma at 1.2992. A
break below here would suggest further medium-term downside. A break above
1.3160 is needed to turn the outlook bullish and would likely confirm a bull
flag formation, accelerating gains.

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