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TECHS: Bears Target 50-DMA USDCAD.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bears Target 50-DMA
USDCAD trades just above the 1.33 level with bears looking for a close below the
100-dma 1.3323 to target the 50-dma at 1.3284. Below here would extend the
downtrend, opening a run at the Mar 19 low & 50% fibo of 1.2783-1.3665 at
1.3251/24. Bulls need to reclaim 1.34 to stabilise the outlook, before putting
the focus back on the double-top resistance area at 1.3465/70.

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