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TECHS: Inside Friday's Range Having...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Inside Friday's Range
Having found support at the 55- and 100-dmas Friday, USD/CAD respected the
Friday range through Monday trade, keeping the near term outlook neutral. 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. Double-bottom support has now formed at
1.3285/90, with a break needed to extend the downtrend and target the Feb 22
high & 50% retracement level at 1.3242/24.

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