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TECHS: Upside Momentum Lacking........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Upside Momentum Lacking
After basking ahead of up trendline support on Monday upside momentum has been
lacking with bulls unable to sustain a break above the 1.32 level. bears now
target the 61.8% retracement level & trendline support at 1.3120/16 to regain
the upper hand, putting the focus back on the ytd low at 1.3069. To ignite
upside momentum bulls need to close firmly back above 1.32. Above here would
open down trendline resistance & 100-dma at 1.3255/61. Above here brings the Feb
19 high & 38.2% retracement level back into view at 1.3281/97. 

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