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TECHS: False Break Returns Focus To...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: False Break Returns Focus To Upside
Despite breaking below its weekly low and the 21, 50, and 100-dmas yesterday
USDCAD was unable to sustain the drop which has allowed bulls to recover
yesterday's losses. The focus now shifts to the upside as bulls look for a close
above 1.34 to put the focus back on the Mar 6 high at 1.3468, ahead of the Jan 4
high at 1.3496. To regain downside momentum bears look for a break below
yesterday's low at 1.3251 which would open the 200-dma at 1.3191. 

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