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TECHS: Bear Channel Resistance........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bear Channel Resistance Holding For Now
Yesterday's failure to break above Friday's high at 1.3132 keeps the down trend
channel intact for now, but bigger picture shows bullish momentum resuming and a
close above 1.3132 would trigger a bull flag formation, shifting the outlook
firmly positive. Bears need to break the 50-dma/61.8% retracement at 1.3016/13
to regain control, bringing the 200-dma at 1.2908 into focus. Below here opens
the 50% fibo of 2018 range at 1.2819, ahead of the Oct 1 low at 1.2789.

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