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TECHS: False Break of 1.33 USDCAD.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: False Break of 1.33
USDCAD briefly traded under 1.33 yesterday, before the pullback in oil futures
extended the recovery toward 1.3350. This puts the focus back on Tuesday's high
& 50% retracement level at 1.3374/76. A break above here opens a run at the 1.34
level, ahead of the double-top resistance area at 1.3465/70. Bears need a
downside break of the Apr 3 low & 50-dma at 1.3296/85 to extend the downtrend,
opening the Mar 19 low & 50% fibo of 1.2783-1.3665 at 1.3251/24.

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