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TECHS: Bulls Need Weekly Close........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bulls Need Weekly Close Above 100-dma
The bigger picture bullish trend remains intact, but yesterday's failure to
close above the 100-dma at 1.3055 warrants caution. A weekly close above here is
needed to build upside momentum towards the 50% retracement level at 1.3136,
before challenging the Sep 6 high at 1.3226. Bears need a break back under
1.2900 to re-test the Sep 20 low & 200-dma at 1.2885/69. Below here would
suggest a large topping pattern is unfolding, opening channel base support at
1.2792.

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