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TECHS: Broken Trendline Key USDCAD....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Broken Trendline Key
USDCAD currently trades either side of broken trendline
resistance-turned-support at 1.3105. A close below undermines the bull flag
formation and shifts focus back to the downside. This brings the Oct 25 low into
view at 1.3015, below here opens the 50% retracement of the recent uptrend at
1.2977, ahead of the 200-dma at 1.2935. Above this level keeps the bull flag
alive, targeting the Oct 31 high at 1.3170, ahead of the Sep 6 high at 1.3226.

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