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TECHS: Something Has to Give..........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Something Has to Give
Friday's false break above 1.35 has seen bears regain the upper hand and bring
the 1.34 level back into view. Up trendline support, the May 16 low and the
55-dma all converge around here, with a break needed to add weight to a
potential downside reversal. Bulls need a close above 1.35 to cement the
uptrend, opening a run at the Apr 24 high & 76.4% retracement of the Jan - Feb
fall at 1.3521/24.

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