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TECHS: Pullback Looks Corrective......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Pullback Looks Corrective For Now
USDCAD's pullback from the Apr 24 high remains corrective for now as bears
struggle to consolidate below the  1.3450 level. Bulls look to initially need to
recover the 1.35 handle before challenging the April 24 high & 76.4% retracement
level of the Dec - Jan fall at 1.3521/24. To shift the outlook negative bears
need to take out 1.34. Below here lies the 100/55-dma at 1.3345/37, with a break
opening the March 19 low & triangle base at 1.3251/48.

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