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TECHS: Recovery Still Looks...........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Recovery Still Looks Corrective
Despite reaching as high as 1.3319 yesterday on the back of renewed oil
weakness, gains were short lived and the recovery off the lows remains
corrective. Bulls need a break above the 50-dma at 1.3359 before challenging the
Jan 7 high at 1.3391. Bears need to clear the 100-dma at 1.3197 to regain
control, targeting the Jan 9 & Dec 3 lows at 1.3180/60. Below here opens a run
at the 61.8% retracement level & 200-dma at 1.3120/3102.

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