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TECHS: False Break Below 1.33 ........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: False Break Below 1.33 
USDCAD briefly broke below the 1.33 level yesterday before a late day upside
reversal returned the focus back to Tuesday's high at 1.3374. A break above here
would open 1.34, above which would put the focus back on the double-top
resistance area at 1.3465/70. Bears need a close below 1.33 to target the 50-dma
at 1.3284 and extend the downtrend, opening the Mar 19 low & 50% fibo of
1.2783-1.3665 at 1.3251/24. 

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