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TECHS: USDCAD bulls give back.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: USDCAD bulls give back further ground as the USD in
general remains under pressure today:
- The pair has traded below former key support at 1.3851, Apr 29 low to signal a
resumption of the retracement that started on Mar 19 off 1.4668.
- Note that today's price has cleared the 50-day EMA at 1.3953.
- The break reinforces the developing bearish theme with the focus on 1.3812
next, 50% of the Jan - Mar rally. A break would open 1.3734, Mar 16 low.
- 1.3986, today's intraday high marks initial resistance.

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