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TECHS: Bears Eye 1.30 USDCAD formed...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bears Eye 1.30
USDCAD formed a base ahead of the 100-dma with momentum type accounts supporting
the break back above 1.30. Bulls will now look to break back above the 1.3050
pivot area and shift focus toward channel resistance to suggest a bull flag
breakout is in play. Failure to hold 1.30 would put up trendline support from
the Feb lows at risk, with the 100-dma and August lows at 1.2962 the next
downside targets.

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