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TECHS: Bulls Recover 1.3400 &.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bulls Recover 1.3400 & 55-DMA
USDCAD closed under the 55-dma & 1.3400 level Tuesday, although bulls have
recovered both of these marks since, allowing them to target the 1.3500 level
and recent range highs at 1.3565. A break back below 1.3400 would put the focus
on the May 22 low & 100-dma at 1.3358/50. Below here opens up trendline support
from the Oct lows at 1.3342 ahead of the 200-dma at 1.3273.
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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