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TECHS: Failure To Close Below.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Failure To Close Below 1.3500
USDCAD traded either side of 1.35 Thursday, closing bang on the figure. This
leaves bulls looking for a break above the Wednesday high at 1.3547, ahead of a
return to the 1.36 level. If 1.35 was to give way bears would target a breach of
1.3440/30 which has registered a series of previous lows, before targeting a
break of the 55-dma & 1.34 level.
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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