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TECHS: Momentum Builds Yesterday's....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Momentum Builds
Yesterday's rally through 1.30 extended into Europe with a move above the
100-dma at 1.3053. As momentum continues to build, bulls target a break of the
50% retracement level at 1.3136, before challenging the Sep 6 high at 1.3226.
Bears need a break back under 1.2900 to challenge the Sep 20 low & 200-dma at
1.2885/68. Below here would suggest a large topping pattern is unfolding,
opening channel base support at 1.2792.

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