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TECHS: Back Below 1.34 USDCAD.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Back Below 1.34
USDCAD trades back below the 1.34 level as bears look to mount a reversal amid
the broad based dollar weakness theme. A close below Friday's low of 1.3391
would open the 38.2% retracement & 55-dma at 1.3328/04, below which would bring
uptrend support and the 200-dma back into view. Bulls continue to focus on a
break of the Mar 6 high at 1.3468, above here brings the Jan 4 high at 1.3496
back into view, ahead of the 76.4% retracement level at 1.3524, while the
inverse head and shoulders target comes in around 1.36. 

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