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TECHS: Struggling For Traction........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Struggling For Traction
USDCAD topped out at 1.3236 yesterday, followed by a sharp retracement back
through 1.32. The short-term outlook remains neutral with bears targeting the
61.8% retracement level & trendline support at 1.3120 to regain the upper hand.
Below here puts the focus back on the ytd low at 1.3069. To ignite upside
momentum bulls need to close firmly back above 1.32. This brings down trendline
resistance & the 100-dma back into view at 1.3255/61.

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