RBC Capital Market on the prospects of the dollar / Canada

During the American trade dollar / Canada settled in the area of ​​C $ 1.0310. Chief technical analyst RBC Capital Market, George Davis, notes that the trend line break at C $ 1.0431 in the short term can be expected to further reduce vapors. He adds that the hourly close below C $ 1.0259 implies falling dollar / Canada to C $ 1.0221, and potentially to C $ 1.0147. According to Davis, the restoration of the pair to the upper boundary of the channel at C $ 1.0394, likely to attract investor interest to sell. The current dollar / Canada C $ 1.0318.