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EURCAD - Closed below the 100-dma.............>

FOREX
FOREX: EURCAD - Closed below the 100-dma (C$1.5532) in NY last night. Recovery
efforts have so far stalled around the C$1.5530/35 area through Asia/Europe as
focus remains on the downside. It's also worth noting the 50-dma has moved below
the 100-dma. A break of C$1.5450 (C$1.5458 - Jun25 low), opens a deeper move
toward C$1.5273 (200-dma, 61.8% retracement of June range C$1.5079-1.5586).
EURCAD last C$1.5525. 

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