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USDCAD extends the recovery off.......>

DOLLAR-CANADA
DOLLAR-CANADA: USDCAD extends the recovery off yesterday's post CPI lows to rest
on triangle top resistance, a level that has so far proved hard to overcome.
- Failure to break could see a short-term reversal back toward the 100-dma at
1.3336.
- USDCAD is starting to look overstretched on the technical studies. 9-day RSI,
1% upper boundary of the Bollinger band.
- Seasonality factors has seen USDCAD lower in April eleven of the last thirteen
years.
https://emedia.marketnews.com/marketnewsintl/USDCAD.pdf

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