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TECHS: 1.35 Proving Hard to...........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 1.35 Proving Hard to Overcome
USDCAD failed to overcome the 1.35 level yesterday, the retracement dipped back
under 1.3450 with fading oil prices. Despite this the broader bullish picture
remains intact with 1.3490/00 the first layer of resistance, ahead of the Apr 21
high at 1.3521. Bears need to break back below 1.34 to return the focus to the
May 1 low at 1.3377, ahead of the 100-dma & Apr 22 low at 1.3347/36.

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