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DOLLAR-CANADA: TECHS: Sep Highs Fail to Support
Renewed intraday weakness pressed USDCAD through 1.32 and the Sep 6 high,
denting the broader bullish trend. To prevent the outlook turning bearish,
markets need to recover the June ytd high at 1.3386, which acts as the next
upside target. Bears need a close below the 100-dma at 1.3068 to shift focus
back to the downside, bringing the Oct 25 low into view at 1.3015, ahead of the
200-dma at 1.2969.