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TECHS: Down Trend Channel.............>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Down Trend Channel Holding...Just
USDCAD briefly broke above its down trend channel on Friday hitting finding
resistance at the 61.8% retracement from June highs to Oct lows at 1.3156. Bulls
need to close above here to gain momentum to push the cross meaningfully higher.
A move above this level would open up a move to the Sep highs at 1.3226. Bears
need to push back below the 50-dma/38.2% retracement from June highs to Oct lows
at 1.3014/13 before challenging Wednesday's low at 1.2970 and bringing the Oct
16 low/200-dma into play.

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