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TECHS: Double-top Resistance USDCAD...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Double-top Resistance
USDCAD breached down trendline resistance off the Jan highs on Wednesday with
the rally extending to 1.3440, before fading back to 1.3400. A break of Monday's
high (1.3445) would bring the double-top resistance area back into view at
1.3465/70, ahead of a run at the Jan 4 high at 1.3496. Bears focus remains on
the 100-dma at 1.3319, with a break below here allowing a return to the 1.3251
March 19 lows.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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