Sequence of lower lows and lower......>

DOLLAR-CANADA: Sequence of lower lows and lower highs intact:

*RES 4: 1.3286/91 Jun 20 high / 200-dma

*RES 3: 1.3226 Low Jun 10

*RES 2: 1.3196 High Jun 26

*RES 1: 1.3137/45 High Jul 5 / High Jul 1 and key resistance

*PRICE: 1.3070 @ 05:05 GMT Jul 8

*SUP 1: 1.3038 Low Jul 4

*SUP 2: 1.3015 Low Oct 25 2018

*SUP 3: 1.3000 Psychological round number

*SUP 4: 1.2991 76.4% 1.2783 - 1.3665

USDCAD rallied on Friday however, the pair found strong resistance at the days

high of 1.3137. While some choppy activity is possible near-term, the overall

sequence of lower lows and lower highs remains intact and the broader bearish

outlook holds. Key support and the bear trigger has been defined at the Jul 4

low of 1.3038. A break would open the psychological 1.3000 level. On the upside,

gains above 1.3145 are required to change the short-term directional outlook.