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Money Flow measure hovers near multi-month low, there is potential for weaker-than-expected readings and thus, the Canadian dollar could pull back further. 4 level failed breakout above Failed breakout also seen above level of Jan 2 high bulls are weak Stops below 50 day MA support likely to be tripped in days ahead Target for coming decline lies at key 170 level in-line with rising 200 DMA Stay bearish while daily closes hold below 173.
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