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TECHS: Strong Jobs Data Boosts CAD....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Strong Jobs Data Boosts CAD
Stronger-than-expected Canadian jobs data took the rate back under 1.34, before
recovering to settle mid-range. The recent uptrend remains intact with topside
focus on the Mar 6 high at 1.3468. Above here brings the Jan 4 high at 1.3496
back into view, ahead of the 76.4% retracement level at 1.3524. While the
inverse head and shoulders target comes in around 1.36. Bears need a close below
the 55-dma at 1.3312 to stabilise the outlook.

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