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TECHS: Bull Flag Breakout USDCAD......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bull Flag Breakout
USDCAD managed to close above down trendline resistance yesterday, which now
acts as support at 1.3110. The break triggered a bull flag formation with the
Oct 26 high at 1.3159 the next upside target. Above here opens the Sep 6 high at
1.3226, ahead of the ytd June highs at 1.3386. Bears need a move below
resistance-turned-support to return focus back to the downside and the 100-dma
at 1.3076.

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