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TECHS: Clinging On To 1.34 Despite....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Clinging On To 1.34
Despite recovering the 1.34 level, USDCAD has failed to build with topside gains
capped ahead of 1.3425. The Dec 6 high at 1.3445 is the focus for the bulls,
above which would bring 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 at
1.3270 is required, shifting momentum to the Nov 16 low at 1.3127, ahead of the
100-dma & Nov 2 low at 1.3089/49.

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