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TECHS: June Highs Next Target The.....>

DOLLAR-CANADA: TECHS: June Highs Next Target
The bullish breakout through channel top & 55-dma saw USDCAD overcome the
mid-August highs yesterday with the focus now turning to the July 20 high at
1.3290. A break above here opens the potential of a rally to 1.34. Bears need a
break of 1.2900 to re-establish the downtrend and target the 200-dma and channel
base support at 1.2851/46. Below here opens the May 22 low at 1.2743.

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