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TECHS: Powell Soothes Bears The.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Powell Soothes Bears
The recent rally extended for much of the Wednesday session before Powell
frustrated progress by denting the USD. Despite the pullback below C$1.33, bulls
remain in control, and a rally through the 1.3386 YTD highs would open the bull
flag breakout target up at 1.3500. Trendline support from the Oct1 low comes in
at 1.3198. Bears need to break below the trendline and 21-dma which comes in
just below at 1.3196 to challenge the Nov 16 low at 1.3127.

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