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TECHS: Strength But Broad Down........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Strength But Broad Down Channel Remains
Yesterday, USDCAD reversed all of Wednesday's losses and approached Wednesday's
high of 1.3100. However, the broad down channel remains intact, which will
provide resistance at 1.3113. Bears need to push back below the 50-dma at 1.3012
before challenging the Wednesday's low at 1.2970 to bring the 16-Oct low/38.2%
retracement from Sep lows to Oct highs and 200-dma into play at 1.2917/16/14.
Below here opens the 50% fibo of 2018 range at 1.2819, ahead of the Oct 1 low at
1.2789.

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