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TECHS: Range Retained After...........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Range Retained
After Monday's 1.3177 print, the combination of slightly firmer oil prices has
countered the strength in the greenback. Bear's 100-dma target may be premature
on Tuesday's price action, and a break below 1.3042 will be required before
August lows of 1.2962 can be considered. Key channel resistance from the June 26
high comes in at 1.3200 and a break above here is needed to suggest a bull flag
breakout is in play.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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