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TECHS: Neutral Outlook Failure to.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Neutral Outlook
Failure to take out channel resistance on Monday has seen the USDCAD reversal
extend to 1.3051, with the short-term outlook turning neutral. A break below
1.3042 will be required for bears to regain control and target the August lows
of 1.2962. Key channel resistance from the June 26 high comes in at 1.3200, a
break above here is needed to suggest a bull flag breakout is in play.

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