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TECHS: Closed Below 55-dma USDCAD.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Closed Below 55-dma
USDCAD closed under the 55-dma & 1.3400 level yesterday to keep the recent
downtrend intact. This puts the focus on the May 22 low & 100-dma at 1.3358/49.
Below here opens up trendline support from the Oct lows at 1.3342 ahead of the
200-dma at 1.3270. Bulls need to recover the 1.3400 level on a closing basis to
negate the bearish break. Above here would put the focus back on the 1.35 level
and recent range highs at 1.3565.

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