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DOLLAR-CANADA: TECHS 1.3206 Is The Support To Watch:
*RES 4: 1.3432 High Jun 18
*RES 3: 1.3383 High Sep 3 and key resistance
*RES 2: 1.3345 High Sep 4
*RES 1: 1.3310 High Sep 18 and bull trigger
*PRICE: 1.3211 @ 05:10 GMT Oct 2
*SUP 1: 1.3206 Intraday low / Low Sep 13 and key near-term support
*SUP 2: 1.3177 Low Sep 12
*SUP 3: 1.3134 Low Sep 10 and key support
*SUP 4: 1.3106 Low Jul 31
USDCAD is trading lower although price action remains above support at 1.3206,
Sep 13 low for now. While this level holds, the recovery established off the low
of Sep 10 remains intact. Focus for bulls is still on the potential for a close
above 1.3300 and a break of 1.3310. This would cement the bullish outlook and
open 1.3345, the high of Sep 4 and 1.3383, Sep 3 high. On the downside, a move
below 1.3206 would instead signal scope for a deeper sell-off.