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TECHS: Inside Day While other G10.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Inside Day
While other G10 FX has been breaking out of recent ranges, the same can't be
said for USD/CAD which traded well within Tuesday's range on Wednesday. This
leaves the broader picture unchanged, with momentum playing into the hands of
the bears. The 200-dma & channel base support remain the next downside targets
at 1.2843/45, below here opens the May 22 low at 1.2743. Up trendline support
(now resistance) and the 100-dma at 1.2998 will now act as resistance.

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