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TECHS: Another False Break Below......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Another False Break Below 55-DMA
USDCAD dipped as low as 1.3275 on the back of strong core CPI data but the pair
once again failed to close below the 55-dma at 1.3303, keeping the outlook
neutral. A close below the 55-dma would shift the outlook bearish and open the
March 19 low & triangle base at 1.3251/22. Bulls need a close above 1.3401 to
bring the double-top area back into view at 1.3465/70, ahead of the Jan 4 high
at 1.3496.

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