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(U2) Trend Needle Points North


Greenback, Aussie Show Marginal Weakness


(U2) Bull Cycle Still In Play

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DOLLAR-CANADA: TECHS: $1.2914-$1.2895 Protects Against Further Correction
*RES 4: $1.3125 Mar 19 high
*RES 3: $1.3064/67 2 1/2 year falling res line, Jun 5 high
*RES 2: $1.3035 Hourly highs Jun 5
*RES 1: $1.2980/85 Hourly resistance
*PRICE: $1.2938 @0952GMT
*SUP 1: $1.2914 Jun 5 low
*SUP 2: $1.2895/00 Hourly recovery high May 30, Jun 4 low
*SUP 3: $1.2855 Hourly congestion May 15-21
*SUP 4: $1.2809/18 76.4% of $1.2729-$1.3067, May 31 low
*COMMENTARY* Having found support from $1.2818 last Thursday, then proceeded to
correct the previous fall from $1.3047 by just over 76.4%, with Friday's spike
high to $1.3008. The subsequent pullback has since held support above $1.2895
providing the springboard for Tuesday's rally through $1.3008-$1.3047. Has
reached $1.3067 so far, basically a test to the 2 1/2 year resistance line.
Decent pullback now has $1.2914 and once again $1.2895 protecting the downside.

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