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TECHS: Rejection Off Triangle Top.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Rejection Off Triangle Top
Rejection ahead of triangle top resistance yesterday has seen USDCAD's short
term reversal extend through the 100-dma (1.3335) to 1.3308. On the downside, a
break of the 55-dma at 1.3299 would shift the outlook bearish and open the March
19 low & triangle base at 1.3251/22. Bulls need a close above 1.3401 to bring
the double-top area back into view at 1.3465/70, ahead of the Jan 4 high at
1.3496.

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