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TECHS: 55-DMA Acting as Support.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 55-DMA Acting as Support
USDCAD dipped back under the 1.34 level, but has far encountered support from
the 55-dma. A close below here brings up trendline support into view at 1.3384,
ahead of the 61.8% retracement of the Apr rise at 1.3369. Further support is
located at 1.3347/32 from the cloud top & 100-dma. Bulls need to clear the 1.35
level to reignite the uptrend, opening a run at the Apr 24 high & 76.4%
retracement of the Jan - Feb fall at 1.3521/24.

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