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TECHS: Oil Led Gains Boost CAD........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Oil Led Gains Boost CAD
USDCAD touched post jobs data highs of 1.3403 on Friday, before drifting into
the close. The downtrend extended to 1.3369 in Asia with added support from
firmer oil prices which saw both brent & crude print fresh multi-month highs.
Downside support is seen at 1.3350 which represents the 50% retracement of
1.3296-1.3403, below here targets a break of the 100-dma at 1.3329. While bulls
need to recover Friday's high to bring the double-top resistance area back into
view at 1.3465/70.

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