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TECHS: BoC Survey Crushes CAD Longs...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: BoC Survey Crushes CAD Longs
Early Monday, USDCAD breached the 100-dma (1.3333) to briefly trade under the
1.33 level. The move was short-lived however as a staunchly disappointing BoC
survey crushed CAD longs, prompting USD/CAD to trade as high as 1.3390. Bulls
need to recover the 1.34 level & triangle top at 1.3405 to stabilise the
outlook. Above here brings the double-top resistance area at 1.3465/70 back into
view.

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