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TECHS: Takes Out 1.35 CAD is back.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Takes Out 1.35
CAD is back on the defensive alongside weaker oil futures. USDCAD took out the
previously hard to overcome 1.35 level, before fading around down trendline
resistance off the Jan highs. A close above 1.3505 would cement the uptrend and
put the focus back on the Apr 21 high at 1.3521. Further resistance is located
at 1.3565/70 which registered a series of previous lows through Dec - Jan. Bears
need to clear the 21-dma and 1.3400 level to return the focus to the May 1 low &
100-dma at 1.3377/47.

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