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TECHS: Bounce Looks Corrective .......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bounce Looks Corrective 
USDCAD's rally off the 100-dma looks corrective with bulls failing to take out
the 50-dma at 1.3353, keeping the focus on the downside. The 100-dma at 1.3189
remains key focus for bears to extend the recent downtrend. Below here brings
the Dec 3 low at 1.3160 into view, ahead of the 61.8% retracement level &
200-dma at 1.3120/3092. Bulls need to recover the 50-dma to open broken channel
base support-turned-resistance at 1.3558. 

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