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TECHS: Bucking Global Trends After....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bucking Global Trends
After failing to break above channel resistance on Monday, USDCAD has reversed
to the downside, but the outlook remains neutral as downside momentum has
stalled. A break below 1.3042 will be required for the outlook to turn bearish,
which would target the August lows of 1.2962. Key channel resistance from the
June 26 high comes in at 1.3200 and a break above here is needed to suggest a
bull flag breakout is in play.

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