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TECHS: Downtrend Intact Below.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Downtrend Intact Below 1.3039.
USDCAD bounced off of its descending channel support level on Friday, but
remains within its downtrend. Bulls will need a break above Friday's high of
1.3039 to suggest a base is forming, and a move above 1.3096 to shift the
outlook bullish. On the downside, channel support comes in at 1.2955, just ahead
of the long term up trendline support from January at 1.2931. A break below here
would trigger a more significant bearish signal, bringing the 1.2819 area in to
play. 

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