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TECHS: Trend of Higher Lows Intact....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Trend of Higher Lows Intact
USDCAD took out the previously hard to overcome 1.35 level yesterday before
fading around down trendline resistance off the Jan highs. Weakness extended in
Asian trading with the pair dipping as low as 1.3436 before establishing another
higher low. Bulls need a  close above 1.3505 to cement the uptrend and put the
focus back on the Apr 21 high at 1.3521. Bears need to clear the 21-dma and
1.3400 level to return the focus to the May 1 low & 100-dma at 1.3377/50.

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