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TECHS: Triangle Top, Holding For......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Triangle Top, Holding For Now
USDCAD remains locked in a rising wedge chart pattern with the May 9 high &
triangle top at 1.3500/05 proving hard to overcome. A break here is needed to
challenge the Apr 24 high at 1.3521, before putting the focus back on the Jan
highs. Support is located around the 55-dma & May 1 low at 1.3390/77, a break
opens the cloud top & 100-dma at 1.3362/39.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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