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TECHS: Triangle Resistance CAD........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Triangle Resistance
CAD remains on the defensive following yesterday's disappointing BoC Business
Outlook Survey. USDCAD briefly traded above 1.34 to rest on triangle resistance,
before fading. A break would bring the double-top area back into view at
1.3465/70, ahead of the Jan 4 high at 1.3496. Bears need a close below the
55-dma at 1.3296 to shift the outlook bearish and open the March 19 low &
triangle base at 1.3251/21.

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