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TECHS: Bulls Need To Recover 1.31.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bulls Need To Recover 1.31
USDCAD breached broken trendline resistance-turned-support yesterday, this
undermines the bull flag formation and shifts focus back to the downside. The
Oct 25 low comes into view at 1.3015, below here opens the 50% retracement of
the recent uptrend at 1.2977, ahead of the 200-dma at 1.2935. Bulls need to
reclaim 1.31 to keep the bull flag alive and target 1.3159, above which opens
the Sep 6 high at 1.3226, ahead of the ytd June highs at 1.3386.

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