TECHS: 1.3145 resistance holds:.......>

DOLLAR-CANADA: TECHS: 1.3145 resistance holds:

*RES 4: 1.3286/96 Jun 20 high / 200-dma

*RES 3: 1.3226 Low Jun 10

*RES 2: 1.3196 High Jun 26

*RES 1: 1.3144/45 High Jul 10 / High Jul 1 and key resistance

*PRICE: 1.3052 @ 05:22 GMT Jul 11

*SUP 1: 1.3038 Low Jul 4

*SUP 2: 1.3015 Low Oct 25 2018

*SUP 3: 1.3000 Psychological round number

*SUP 4: 1.2986 100-wma

USDCAD is heavy once again following the failure to break above the 1.3145

level. The resultant selling pressure once again brings into focus major support

at 1.3038, the low of Jul 4. Clearance of this level would confirm a resumption

of the underlying downtrend and pave the way for a move towards the

psychological 1.3000 level. As long as resistance defined at the recent high of

1.3145 on Jul 1 remains intact, the outlook in USDCAD remains bearish.