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TECHS: Fresh Cycle Highs Along with...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Fresh Cycle Highs
Along with the AUD, CAD printed a fresh cycle low yesterday, putting paid to any
signs of a recovery for CAD. This keeps USD/CAD bulls in the driving seat, with
the 61.8% retracement level at 1.3686 in view moving into the new year. Through
there, May 2017 highs at 1.3793 become the target. For bears to regain control,
a downside break of channel base support at 1.3385 is required, shifting focus
to the Nov 16 low at 1.3127, ahead of the 100-dma at 1.3149.

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