TECHS: Breaking lower USDCAD has......>

DOLLAR-CANADA: TECHS: Breaking lower

USDCAD has breached the 1.30 level two days running, setting up a test of the

descending channel support now at 1.2976. A further break below here will open

the way for the 1.2856 area to be targeted. Daily momentum indicators have also

given further bearish signals. Any rebounds will likely encounter initial

resistance at 1.3096, which has formed the top end of the range over the past

few trading sessions.