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DOLLAR-CANADA: TECHS: Range Remains Defined by DMAs
After a brief dip lower mid-week, the recent range was respected Friday, with
neither Thursday's highs nor lows looking particularly troubled. This keeps the
near-term outlook unchanged, with bulls setting eyes on the 50-dma at 1.3351.
Above here would open the Jan 25 high and the 50% retracement of 1.2062-1.4690
at 1.3376. The bearish argument will pick up momentum on a downside break of the
200-dma at 1.3147, ahead of up trendline support & the ytd low at 1.3079/69.