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TECHS: 200-DMA Breached, Bulls Need...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 200-DMA Breached, Bulls Need A Close Above
CAD underperformed across the board overnight with sharp falls in AUD adding
weight to the commodity complex. USDCAD breached the 200-DMA with gains
extending to 1.32. Consolidation above here will please the bulls and brings the
100-dma & 50% retracement level into view at 1.3216/22. Bears need a close below
the 200-dma to regain control, putting focus back on the ytd low & up trendline
support at 1.3069/66.

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