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USDCAD Resisting Modest Broader USD Weakness

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Inching toward a two-week.......>

EURO-STERLING TECHS: Inching toward a two-week high:
*RES 4: 0.8975 High Sep 13
*RES 3: 0.8951 Channel resistance drawn off Aug 12 high
*RES 2: 0.8902 High Sep 16
*RES 1: 0.8896 Intraday High
*PRICE: 0.8890 @ 08:36 GMT Sep 27
*SUP 1: 0.8803 Low Sep 25
*SUP 2: 0.8787 Low Sep 19 and bear trigger
*SUP 3: 0.8772 Low May 22
*SUP 4: 0.8743 Bear channel base drawn off the Aug 12 high
The cross inched higher Friday, managing to show above last Thursday's high to
return sights on the 0.89 handle. Bear channel resistance comes in at 0.8951,
which becomes the first target for bulls. To the downside, the cross reached the
0.8809, 61.8% Fibonacci retracement and attention is on 0.8772 and 0.8725, May
22 and 21 lows respectively. These mark the next objectives. Momentum and moving
average studies remain bearish in line with the underlying trend.
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