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TECHS: Bullish Outlook An improving...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bullish Outlook
An improving technical picture is generating bullish momentum on the technical
studies. Although the rate stalled and failed to close above the 50-dma on
Tuesday. A break and close above here would allow bulls to target the Jan 7 high
at 1.3391, ahead of a run at the 1.34 level. Bears need a close below the
100-dma at 1.3203 to regain control, targeting the Jan 9 & Dec 3 lows at
1.3180/60. Below here opens a run at the 61.8% retracement & 200-dma at
1.3120/13.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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