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TECHS: Challenging Highs Again........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Challenging Highs Again
After a sharp pullback to 1.3254 on Friday, support was found at the 21-dma.
However, CAD sold off once again and at the time of writing, USDCAD was close to
the 50% retracement of 1.2062-1.4690/Thursday's close at 1.3376/83. A close
above 1.34 brings the bull flag back in play targeting a move toward 1.3500. For
the bears to regain control, a downside break of the 21-dma shifts momentum to
the bears, opening the Nov 16 low at 1.3127, ahead of the 100-dma & Nov 2 low at
1.3085/49.

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