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TECHS: Consolidating Above Sep........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Consolidating Above Sep Highs
USDCAD continues to look bullish as the bull flag formation plays out, with
bulls consolidating gains above the 9 high at 1.3226. The July highs provide
double top resistance at 1.3290, ahead of the June ytd high at 1.3386. Above
here extends the broader bullish trend. Bears need a close under the 100-dma at
1.3068 to shift focus back to the downside, bringing the Oct 25 low into view at
1.3015, ahead of the 200-dma at 1.2966.

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