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DOLLAR-CANADA: TECHS: Sep Highs Act As Strong Support
Despite some intraday weakness USDCAD managed to remain above the 1.32 level and
the Sep 6 highs on a closing basis, keeping the broader bullish trend intact.
The June ytd high at 1.3386 act as the next upside target. Bears need a close
below the 100-dma at 1.3068 to shift focus back to the downside, bringing the
Oct 25 low into view at 1.3015, ahead of the 200-dma at 1.2969.