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TECHS: Bull Flag Potential USDCAD.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bull Flag Potential
USDCAD recovered losses on Friday to close above its 100-dma and test channel
top resistance from the June peak. A close above Friday's high at 1.3132 would
allow the downtrend to give way triggering a bull flag formation and shifting
the outlook firmly positive. Bears need to break the 50-dma/61.8% retracement at
1.3015/13 to regain control, bringing the 200-dma at 1.2904 into focus. Below
here opens the 50% fibo of 2018 range at 1.2819, ahead of the Oct 1 low at
1.2789.

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