Focus Is On Gains *RES 4: 1.3205......>

DOLLAR-CANADA: Focus Is On Gains

*RES 4: 1.3205 High Dec 13

*RES 3: 1.3181 High Dec 20 and key resistance

*RES 2: 1.3172 50-dma

*RES 1: 1.3105 High Jan 9

*PRICE: 1.3046 @ 06:22 GMT Jan 13

*SUP 1: 1.3026 Low Jan 9

*SUP 2: 1.2976 Low Jan 8

*SUP 3: 1.2952 Low Dec 31 and bear trigger

*SUP 4: 1.2917 Low Oct 16

USDCAD rallied Thursday but was quieter Friday. The clearance of 1.3042 and

1.3070 suggests a potential base at the recent 1.2952 low from Dec 31. If

correct, this signals scope for a stronger recovery above 1.3100 towards the

50-dma at 1.3172. A failure to hold onto the highs and, a return below 1.3000

would likely offset the bullish implications of last weeks bounce and expose key

support at 1.2952. A break would open 1.2917, Oct 16 low, 2018.