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TECHS: Elevated Levels USDCAD.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Elevated Levels
USDCAD remains at elevated levels following yesterday's dovish BoC comments. A
topside break of 1.3457 brings the Jan 4 high at 1.3496 back into view, ahead of
the 76.4% retracement level at 1.3524. While the inverse head and shoulders
target comes in around 1.36. Bears need a close below the 38.2% retracement &
55-dma at 1.3325/15 to stabilise the outlook.

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