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TECHS: Rebound Developing USDCAD is...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Rebound Developing
USDCAD is developing a rebound, but a break above the 1.3039 recent range top is
required to stabilise the near-term outlook and allow a more sustained recovery
towards 1.3096 and the 1.3116 near term pivotal point. Gains above here would
suggest a base is forming, shifting to a bullish outlook. However, failure below
1.3039 keeps the pressure on the downside targeting channel support coming in at
1.2955, just ahead of the long term up trendline support from January at 1.2931.
A break below here would trigger a more significant bearish signal, bringing the
1.2819 area in to play.

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