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TECHS: Down Trendline Resistance......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Down Trendline Resistance
Despite a false break above down trendline resistance on Friday, bulls look for
a close above this level today at 1.3118. Above here opens the 61.8% retracement
from June highs to Oct lows at 1.3156, ahead of 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 1.3015/13 before challenging Wednesday's low at 1.2970 and bringing the
Oct 16 low & 200-dma into play.

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