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TECHS: 1.34 A Tough Level To..........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 1.34 A Tough Level To Overcome
USDCAD held below the 1.34 level yesterday despite being tested, keeping the
near term outlook neutral. A close above here is needed to target the triangle
top at 1.3434 ahead of the double-top resistance area at 1.3465/70. Above here
would return the focus to the Jan 4 high at 1.3496. On the downside bears need
to clear the 55-dma at 1.3293, before challenging the 50% fibo & triangle base
support at 1.3224/20.

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