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TECHS: Near significant support.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Near significant support
Bulls may have read too much into Thursday's price action and were certainly
left disappointed Friday, making a near-term test of the 50-dma increasingly
unlikely without a major momentum ramp. A close below the 100-dma (currently at
1.2989) would be significant, with the level providing strong support multiple
times in recent months. A break above 1.3160 is needed to turn the outlook
bullish and would likely confirm a bull flag formation, accelerating gains.

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