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USDCAD Resisting Modest Broader USD Weakness

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100-WMA Key Support *RES 4:.......>

*RES 4: NZ$1.1045 - Low Dec 5 now resistance
*RES 3: NZ$1.1027 - Hourly resistance Dec 6
*RES 2: NZ$1.0990 - High Dec 11
*RES 1: NZ$1.0927 - Hourly resistance Dec 11
*PRICE: NZ$1.0872 @ 2030GMT
*SUP 1: NZ$1.0858 - Low Dec 12
*SUP 2: NZ$1.0826 - 200-DMA
*SUP 3: NZ$1.0798 - Low Aug 16
*SUP 4: NZ$1.0762 - 200-WMA
*COMMENTARY: The lack of topside follow through in past week's took its toll
with a close below key supports that shifted focus to NZ$1.0720-1.0826 where key
WMAs and the 200-DMA are noted. Overall bears need a close below the
100-WMA(NZ$1.0720) to end bullish hopes and shift focus back to 2017 lows
(NZ$1.0320). Bulls now need a close above NZ$1.0927 to ease bearish pressure and
above NZ$1.1045 to initially target NZ$1.1139.
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