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TECHS: Challenging Jan Highs USDCAD...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Challenging Jan Highs
USDCAD remains at elevated levels, comfortably holding above 1.3450. This brings
the Jan 4 high at 1.3496 back into view, ahead of the 76.4% retracement level at
1.3524, while the inverse head and shoulders target comes in around 1.36. Bears
need a close below the 38.2% retracement & 55-dma at 1.3325/12 to stabilise the
outlook.

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