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TECHS: Recovers The 100-DMA USDCAD....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Recovers The 100-DMA
USDCAD extended the recovery off yesterday's post CPI lows of 1.3275 with a move
back through 1.3370. More importantly the close back above the 50 & 100-dma's
provided fresh bullish signals. This brings the triangle top back into view at
1.3399, with a break here needed to open the double-top resistance area at
1.3465/70. A downside break of the 55-dma would shift the outlook bearish,
opening the March 19 low & triangle base at 1.3251/25.

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