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DOLLAR-CANADA: TECHS: Above 1.34
After failing to move above 1.34 through April, the cross broke above the
pivotal level in spite of the recent moves higher in oil. This brings the
double-top resistance area back into view at 1.3465/70. Above here there is not
much in the way of major resistance to slow a move towards the December highs of
1.3665. On the downside, bears need to clear the 100-dma at 1.3339, while a
downside break of the 55-dma at 1.3317 would shift the outlook negative, opening
the March 19 low & triangle base at 1.3251/40.