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TECHS: With the USD softer, USDCAD....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: With the USD softer, USDCAD has moved south once again:
- A clear area of key support has been defined at the 1.3850 level with the most
recent low at 1.3851, Apr 30.
- A breach of this level would confirm a resumption of the downtrend that
started on Mar 19.
- Note it would also mark a break of the Mar 13 low of 1.3856 and significantly
a break of the 50-day EMA currently at 1.3930.
- Key resistance is 1.4173, May 7 high. Initial resistance is at 1.4065.

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