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TECHS: Narrow Range with 100-DMA......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Narrow Range with 100-DMA Holding
After finding support at the 100-dma at the end of last week, USDCAD rebounded
as oil sold off on Monday before trading in a narrow range on Tuesday. Bears
need a break below the 100-dma to target the Jan 9 low at 1.3180, below which
would target the 200-dma at 1.3122. Bulls need a close above the 50-dma 1.3368
for a resumption of the uptrend, targeting the Jan 7 high.

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