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Near-term outlook turning positive:...>

DOLLAR-CANADA: Near-term outlook turning positive:
*RES 4: 1.3286 High Jun 20
*RES 3: 1.3226 Low Jun 10
*RES 2: 1.3196 High Jun 26
*RES 1: 1.3164 High Jul 23
*PRICE: 1.3140 @ 05:07 GMT Jul 24
*SUP 1: 1.3086/67 100-hma / 200-hma
*SUP 2: 1.3016/15 Low Jul 19 / Low Oct 25 2018
*SUP 3: 1.3000 Psychological round number
*SUP 4: 1.2990 100-wma / 76.4% of the rally between Oct 1-Dec 31, 2018
USDCAD traded above pivotal resistance at the 1.3144/45 levels Tuesday, turning
the near-term outlook much more positive. A clean break would fuel potential for
a stronger corrective bounce, opening 1.3196 and 1.3226 as initial objectives.
Momentum is firmer reinforcing the developing bullish theme. A failure to hold
onto gains would likely see bears return and refocus sights on the 200-hma,
ahead of recent lows at 1.3016.

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