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TECHS: Key Support Area at 1.30.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Key Support Area at 1.30
Yesterday's break of the Aug 15 low and subsequent reversal to 1.3014 has seen
bears remain in charge. Double-bottom support has now formed ahead of the key
1.30 level. Below here puts trendline support from the Feb lows at risk, the
100-dma and August lows of 1.2962. A break through these key levels would
strongly suggest a medium-term trend change. A topside break of channel
resistance is needed to suggest a bull flag breakout is in play.

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