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TECHS: 1.35 Hard to Overcome CAD is...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 1.35 Hard to Overcome
CAD is back on the defensive alongside weaker oil futures. USDCAD printed fresh
highs of 1.3497 but again encountered strong resistance ahead of 1.35. This
level has so far proved hard to overcome with a break here needed to challenge
trendline resistance & the Apr 21 high at 1.3504/21. Bears need to clear the
21-dma at 1.3419 and the 1.3400 level to return the focus to the May 1 low &
100-dma at 1.3377/47.

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