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TECHS: Off Cycle Highs Soft...........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Off Cycle Highs
Soft Canadian Retail Sales underpinned with the recovery off European lows
extending toward 1.3360. A close above the 50-dma at 1.3361 would suggest a
resumption of the uptrend with bulls targeting the Jan 7 high at 1.3391, ahead
of a run at the 1.34 level. Bears need a close below the 100-dma at 1.3203 to
regain control, targeting the Jan 9 & Dec 3 lows at 1.3180/60. Below here opens
a run at the 61.8% retracement & 200-dma at 1.3120/3113.

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