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DOLLAR-CANADA: TECHS: Neutral Outlook
USDCAD is back on the defensive having previously held its uptrend this week. A
close below 1.3100 shifts focus lower bringing the Oct 25 low into view at
1.3015. Below here opens the 50% retracement of the recent uptrend at 1.2977,
ahead of the 200-dma at 1.2947. Above 1.31 and bulls target the Oct 31 high at
1.3170 to regain control.