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DOLLAR-CANADA: TECHS: 1.3200 Under Pressure
*RES 4: 1.3348 High Oct 3
*RES 3: 1.3300 High Oct 11
*RES 2: 1.3271/76 High Nov 14 / 200-day MA
*RES 1: 1.3252 High Nov 15
*PRICE: 1.3204 @ 06:10 GMT Nov 19
*SUP 1: 1.3199 Intraday Low
*SUP 2: 1.3172 Low Nov 8
*SUP 3: 1.3115 Low Nov 5 and key near-term support
*SUP 4: 1.3075 Low Oct 30
USDCAD, remains vulnerable. Thursday's rejection off the day high and a close
near session lows highlights a developing bearish theme. In candle terms,
Thursday's pattern is a shooting star, signalling a top in the trend. Friday's
move lower reinforced this pattern and suggests the S/T risk for a move below
1.3200 has increased. The 1.3200 level is currently under pressure, a clear
break would open 1.3172 initially. Key resistance remains 1.3271, Nov 14 high.