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TECHS: Still Range Trading While......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Still Range Trading
While the failure to break below the 1.3000 level has seen a rally back 1.3050,
the rally lacks impulse and prices remains stuck in their two-week range. A
close above yesterday's 1.3120 high will be required for renewed confidence and
challenge the July 24 high at 1.3191. A break below 1.2962 (Aug 7 low/100-dma)
is needed to trigger renewed bearish signals and a deeper correction to the June
6 low at 1.2859.

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