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TECHS: No Respite After a (very)......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: No Respite
After a (very) short spell of recovery for CAD, USD/CAD bulls are clearly still
in control, with the pair heading into the new year at the highest levels since
early 2017. Bulls shift their upside targets to the 61.8% retracement level at
1.3686, ahead of the May 2017 highs at 1.3793. For bears to regain control, a
downside break of channel base support at 1.3385 is required, shifting focus to
the Nov 16 low at 1.3127, ahead of the 100-dma at 1.3145.

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