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TECHS: Testing Channel Resistance.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Testing Channel Resistance
USDCAD is keeping the pressure on the major channel resistance from the July 24
high, currently intervening at 1.3177. A topside break of channel resistance is
needed to suggest a bull flag breakout is in play. Initial gains are likely to
target 1.3290 and then the 1.3389 high, under this scenario. Bears need a break
below the Aug 10 low at 1.3042 to regain control and target the August lows of
1.2962.

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