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TECHS: Back Below 1.30 USDCAD.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Back Below 1.30
USDCAD closed back below 1.30 yesterday as the bears have the slight edge in the
near term, but the broader uptrend remains intact. Bears target the 200-dma and
channel base support at 1.2864/46, a break of which would suggest a large
topping pattern is unfolding. Bulls look for a break back above the 50-dma at
1.3073 and 50% retracement level at 1.3101 to return the focus to the upside and
extend longer-term gains. 

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