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TECHS: Waiting For The Next...........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Waiting For The Next Headline
Despite comfortably holding above 1.2900, USDCAD has failed to gain traction
with markets waiting for the next NAFTA headline. Bulls look for a break back
above the 50-dma at 1.3049 and 50% retracement level at 1.3101 to return the
focus to the upside and extend longer-term gains. Bears need a break back under
1.2900 to challenge the Sep 20 low & 200-dma at 1.2885/66. Below here would
suggest a large topping pattern is unfolding, opening channel base support at
1.2792.

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