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TECHS: Breaks Channel Base Support....>

DOLLAR-CANADA: TECHS: Breaks Channel Base Support
Having breached channel base support on Friday, a combination of firmer oil
prices and broadly weaker dollar, further pressured to 1.3345. This shifts
immediate focus to the Dec12 low & 55-dma at 1.3323/12, ahead of a run at the
100-dma & Dec 3 low at 1.3175/60. Bulls need to recover the broken channel base
& 50% retracement level at 1.3497/05 to change the outlook, returning the focus
to the Dec 31 high at 1.3665.

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