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TECHS: Oil Lower, USDCAD Higher The...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Oil Lower, USDCAD Higher
The uptrend remains intact for USDCAD, which has retraced most of Thursday's
pullback. Falling oil prices have helped to keep the broad bull trend afloat
with the focus on the June ytd high at 1.3386. A break above here would open the
bull flag breakout target up at 1.3500. Up trendline support from the Oct 1 low
and the 21-dma at 0.3277/72 continue to hold firm and bears would need a break
below last Friday's low at 1.3127 to regain the upper hand and open the 100-dma
at 1.3072.

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