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

DOLLAR-CANADA: TECHS: 1.35 Proving Hard to Overcome
USDCAD based at 1.3410 before extending the recovery to 1.3485, underpinned by a
firmer dollar. The broader bullish picture remains intact with the first layer
of resistance at 1.3490/00, a level that has proved hard to overcome. A break
here is likely to accelerate the move toward down trendline resistance & the Apr
21 high at 1.3509/21. Bears need to clear the 21-dma & 1.3400 level to return
the focus to the May 1 low & 100-dma at 1.3377/47.

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