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TECHS: Range breaks to the............>

DOLLAR-CANADA: TECHS: Range breaks to the downside:
*RES 3: 1.3465 50D EMA
*RES 2: 1.3432 High Jun 18
*RES 1: 1.3283 200-DMA
*PRICE: 1.3208 @ 16:01 GMT June 20
*SUP 1: 1.3151 Intraday low
*SUP 2: 1.3120 61.8% 1.2783 - 1.3665
*SUP 3: 1.3113 Low Feb 25
The past three sessions proved particularly negative for USD/CAD, with surging
oil prices helping press the pair to the lowest levels since early March. The
June 10th lows at 1.3225 were seen as firm support for the pair and gave way in
early Europe as the Fed-inspired USD drop extended. This broadens the scope for
further downside, with 1.3113 and 1.3069 the initial targets. From a broader
perspective, USDCAD has traded in a choppy manner this year. As a result, there
is no dominant trend so the potential for gains or losses are being viewed
merely as short-term developments.

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