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TECHS: Bulls Need Close Above.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bulls Need Close Above 200-dma
USDCAD closed below the 200-dma on Friday for the first time since Feb 27. The
resulting downtrend touched pullback lows of 1.3226, before meeting support from
the 50% fibo of 1.2783-1.3665. Despite this, recovery efforts have so far
remained shallow and keeps the recent downtrend intact. Further support is
located on approach to the 1.32 level, ahead of the Feb 20 low at 1.3163. Bulls
need to recover the 200-dma at 1.3275 to change the outlook, before returning
the focus to Jun 7 hourly resistance & cloud base at 1.3313/17.

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