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TECHS: Neutral Outlook USDCAD based...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Neutral Outlook
USDCAD based ahead of trendline support yesterday, before a sharp fall in oil
prices aided the recovery back through the 200-dma. The broader risk-off theme
has seen USDCAD hold 1.32 with bulls immediate focus turning to down trendline
resistance & 100-dma at 1.3255/60. Above here brings the Feb 19 high & 38.2%
retracement level back into view at 1.3281/97. Bears need to clear the 61.8%
retracement level & trendline support at 1.3120/16 to regain the upper hand,
putting the focus back on the ytd low at 1.3069.

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