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TECHS: Oil Futures Dictating Price....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Oil Futures Dictating Price Action
The sharp pullback in oil futures saw USDCAD rally hard through 1.33 yesterday,
before topping out ahead of the 100-dma & 38.2% retracement level. Bulls need to
clear 1.3349/55 to put the topside focus on broken channel base
support-turned-resistance at 1.3361. On the downside bears target a break of the
38.2% retracement of the Jun rally at 1.33. Below here opens the 200-dma at
1.3277, ahead of a return to the Jun 10 low & 50% retracement at 1.3226/24.

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