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TECHS: Bears Take A Breather..........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bears Take A Breather
Despite a retrace back over 1.29, USDCAD bears remain in charge with the 200-dma
& channel base support the next downside targets at 1.2840/45, below here opens
the May 22 low at 1.2743. Up trendline support (now resistance) and the 100-dma
at 1.2998 will now act as resistance. A break above 1.3160 is needed to turn the
outlook bullish and would likely confirm a bull flag formation, re-establishing
the broader bullish trend.

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