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CROSS ASSET

Equities Extend Recovery, Nears Friday High

COLOMBIA

April Trade Deficit Widens

TECHS: Bullish Reversal Bulls.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bullish Reversal
Bulls managed to push the pair back above 1.32 yesterday as the bounce off up
trendline support has reignited upside momentum. The 100-dma & 50% retracement
level at 1.3216/22 have been taken out, shifting short-term focus to the
1.3280/00 area which has previously registered a series of highs and holds the
38.2% retracement level of 1.3665-1.3069. Bears need a close below the 200-dma
to regain control, putting focus back on the ytd low & up trendline support at
1.3069/66.