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May 01, 2019 18:31 GMT
TECHS: In Sell Rallies Mode After.....>
DOLLAR-CANADA
DOLLAR-CANADA: TECHS: In Sell Rallies Mode
After falling comfortably below the 1.34 level Tuesday, rallies were sold in the
Wednesday session, with bears now eyeing recent lows of 1.3335, just below the
100 & 55-dmas at 1.3345/38. Below here opens a run at the 1.33 handle, ahead of
the Apr 17 low at 1.3275. Bulls need to recover 1.3450 which represents the 50%
fibo of the recent downtrend, before challenging the Apr 24 high at 1.3521.
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