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TECHS: Retail Sales Boost CAD.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Retail Sales Boost CAD
Despite headline Retail Sales coming in 0.1% under expectations, firmer
revisions and a stronger core reading boosted CAD across the board. USDCAD
touched extended react lows of 1.3360 with near-term support at 1.3347/32 from
the cloud top & 100-dma. A close below here would cement the downtrend, opening
the 38.2% retracement of the Oct-Jan rise at 1.3328. Bulls need to clear the
1.35 level to reignite the uptrend, opening a run at the Apr 24 high & 76.4%
retracement of the Jan-Feb fall at 1.3521/24.

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