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DOLLAR-CANADA: TECHS: Consolidation Phase
USDCAD resumes its uptrend underpinned by the bull flag formation to consolidate
above the Sep 6 high at 1.3226. A break opens a move toward the double-top
resistance area at 1.3290, ahead of the June ytd high at 1.3386. Bears need a
close below 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.