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TECHS: Break Above 100-dma Failing....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Break Above 100-dma Failing
The 100-dma & Oct 11 high at 1.3066/72 was taken out Thursday and after drifting
lower Friday morning, soft CPI and retail sales data pushed us back to 1.3121.
If we close above the 50% fibo from September's highs at 1.3084, it would
suggest a large bull flag is forming, opening channel top & 61.8% fibo
resistance at 1.3135/56. Bears need to break the 50-dma/61.8% retracement at
1.3014/13 to regain control, bringing the 200-dma at 1.2901 into focus. Below
here opens the 50% fibo of 2018 range at 1.2819, ahead of the Oct 1 low at
1.2789.

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