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TECHS: False Break of 1.34 USDCAD.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: False Break of 1.34
USDCAD touched Retail Sales react lows of 1.3358 yesterday, before reversing
back through the 50-dma & 1.34 handle with ease. Soft oil prices extended the
recovery to 1.3465, putting topside focus on a return to 1.35. Above here would
reignite the uptrend, opening a run at the Apr 24 high & 76.4% retracement of
the Jan-Feb fall at 1.3521/24. Bears need to clear the 1.34 level, before
targeting a break of yesterday's low & the 100-dma at 1.3332.

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