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USDCAD briefly cleared down trendline.........>

FOREX
FOREX: USDCAD briefly cleared down trendline resistance & the 1.35 level
yesterday, but failed to close above. The subsequent retracement extends through
C$1.3460 with fading oil prices to hold in narrow range trade. Near-term support
comes in today at C$1.3446/34 from the 200 & 100-hma's, below here opens the
38.2% retracement of C$1.3275-1.3521 at C$1.3427. 
- EURCAD based at C$1.4924 Wednesday with the recovery extending through the
100-dma (C$1.5062)to rest on resistance from the 200-dma at C$1.5089. Further
resistance is located on approach to the C$1.51 level (C$1.5099 - May 17 high). 

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