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TECHS: Oil and Risk Rally but.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Oil and Risk Rally but USDCAD Still Moves Higher
On Tuesday, oil prices moved higher, stocks moved a little higher and risk
rallied in general. However, the Canadian dollar has failed to find any support
here, with USDCAD continuing to move higher. Focus remains on the June ytd high
at 1.3386. A break above here would open the bull flag breakout target up at
1.3500. Trendline support from the Oct 1 low comes in at 1.3198. Bears need to
break below the trendline and 21-dma which comes in just below at 1.3185 to
challenge the Nov 16 low at 1.3127. Below here the 100-dma at 1.3075 would be
the target.

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