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TECHS: Oil Prices Underpin CAD CAD....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Oil Prices Underpin CAD
CAD boosted by firmer oil prices dipped back under 1.33 and closed below the
100-dma yesterday. Bears look to take out the 50-dma at 1.3284 to extend the
downtrend, opening a run at the Mar 19 low & 50% fibo of 1.2783-1.3665 at
1.3251/24. Bulls need to reclaim 1.34 to stabilise the outlook, before putting
the focus back on the double-top resistance area at 1.3465/70.

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