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DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 100-dma Dictates Play
The pair's clearly formed a base ahead of the 100-dma at 1.2986 having testing
the level several times over the past two sessions (and past month) with
momentum type accounts supporting the break back above 1.30. With spot back
above the 1.3050 pivot area, bulls shift focus to channel resistance before
suggesting a bull flag breakout is in play. Failure to hold 1.30 would put up
trendline support from the Feb lows at risk, with the 100-dma and August lows at
1.2962 the next downside targets.

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