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TECHS: Flirts With 1.34 USDCAD........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Flirts With 1.34
USDCAD trades 10 pips either side of 1.34, confined to narrow range trade. Bears
look to mount a reversal amid the weaker dollar theme with a close below
Friday's low (1.3391) needed to open the 38.2% retracement & 55-dma at
1.3328/04. A break opens the 200-dma & uptrend support at 1.3179/46. Bulls
continue to focus on a break of the Mar 6 high at 1.3468, above here 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.

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