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TECHS: Range Trading The hold above...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Range Trading
The hold above the 21-dma yesterday and the recovery back above 1.31 keeps the
broader bull flag formation alive, targeting the Oct 31 high at 1.3170, ahead of
the Sep 6 high at 1.3226. A close below 1.3100 is needed to shift focus back to
the downside and bring the Oct 25 low into view at 1.3015. Below here opens the
50% retracement of the recent uptrend at 1.2977, ahead of the 200-dma at 1.2943.

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