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TECHS: No Sign of A Breakout USDCAD...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: No Sign of A Breakout
USDCAD continues to trade in the middle of its month-long range with yesterday's
price action showing little sign of direction. Bulls continue to look for a
close above 1.35 to reignite upside momentum. Above here would suggest a run at
the Apr 24 high & 76.4% retracement of the Jan-Feb fall at 1.3521/24. On the
downside bears look for a close below 1.34 before targeting a break of
Wednesday's low & the 100-dma at 1.3358/36.

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