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DOLLAR-CANADA: TECHS: Steering Clear of Layer of DMAs
The pair bounced convincingly Wednesday and extended the recovery Thursday,
prompting bulls to eye a close above 1.3450 in order to cement the uptrend. This
would challenge the previously hard to overcome 1.3475/80 area. Above here opens
a run at 1.35, ahead of the Apr 24 high at 1.3521. Bears need a close under the
100-dma at 1.3346 to regain control. Below here opens a move toward the 1.33
handle, ahead of the Apr 17 low at 1.3275.