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TECHS: Major Trend Support............>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Major Trend Support Pressured
USDCAD has kept the pressure on the lower end of the six-week descending channel
where support currently intervenes at 1.2955, just ahead of the long term up
trendline support from January at 1.2931. A break below here will trigger a more
significant bearish signal, bringing the 1.2819 area in to play. A break above
1.3039/50 is now needed for near-term stability, opening the way for a recovery
towards 1.3191 ahead of the 1.3290 July high.

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