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TECHS: Oil Flip Flop, Uptrend.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Oil Flip Flop, Uptrend Holding
As oil prices have recovered this morning, USDCAD has reversed Friday's move
higher. However, the uptrend remains intact with trendline support from the Oct
1 low currently holding at 1.3187. 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. Bears
need to break below the trendline and 21-dma which comes in just below at 1.3176
to challenge the Nov 16 low at 1.3127. Below here the 100-dma at 1.3073 would be
the target.

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