Holding Above Key Support *RES 4:.....>

DOLLAR-CANADA: Holding Above Key Support

*RES 4: 1.3875 2.0% 10-dma envelope

*RES 3: 1.3802 High Jun 1

*RES 2: 1.3703/16 50-day EMA / High Jun 26 and the bull trigger

*RES 1: 1.3700 High Jun 30

*PRICE: 1.3557 @ 19:00 BST Jul 3

*SUP 1: 1.3546 Low Jul 1

*SUP 2: 1.3486 Low Jun 23 and key near-term support

*SUP 3: 1.3398 Low Jun 11

*SUP 4: 1.3316 Low Jun 10 and bear trigger

USDCAD struggled last week to hold onto recent gains. Despite this, a bullish

outlook remains intact following the breach on Jun 26 of resistance at 1.3686,

Jun 15 high. This positive sentiment should hold while support at 1.3486, Jun 23

low remains intact. On the upside, 1.3716, Jun 26 high is the trigger for a

resumption of strength that would open 1.3802, Jun 1 high. Sub 1.3486 levels

would instead expose 1.3398, Jun 11 low.