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MNI: USDCAD: Sideways Activity:
*RES 4: 1.3432 High Jun 18
*RES 3: 1.3383 High Sep 3 and key resistance
*RES 2: 1.3345 High Sep 4
*RES 1: 1.3310 High Sep 18 and bull trigger
*PRICE: 1.3249 @ 05:04 GMT Oct 1
*SUP 1: 1.3214 Low Sep 27
*SUP 2: 1.3206 Low Sep 13 and key near-term support
*SUP 3: 1.3177 Low Sep 12
*SUP 4: 1.3134 Low Sep 10 and key support
Despite some volatile price action late last week, USDCAD remains consolidative
for now. The recovery established off the low of Sep 10 remains intact. Focus
for bulls is on the potential for a close above 1.3300 and a break of 1.3310.
This would cement the bullish outlook and open 1.3345, the high of Sep 4 and
1.3383, Sep 3 high. On the downside, support lies at 1.3206, Sep 13 low. A break
of this level would instead highlight a growing bearish risk.