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TECHS: 1.3998 Is Pivotal Support......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 1.3998 Is Pivotal Support
*RES 4: 1.4349 High Mar 31 and key resistance
*RES 3: 1.4299 High Apr 2
*RES 2: 1.4265 High Apr 21 and the bull trigger
*RES 1: 1.4198 High Apr 23
*PRICE: 1.4065 @ 06:07 BST Apr 28
*SUP 1: 1.4001 Low Apr 23
*SUP 2: 1.3998 Low Apr 17 / 20 and key near-term support
*SUP 3: 1.3884 50-day EMA
*SUP 4: 1.3856 Low Apr 13 and the bear trigger
The USDCAD outlook remains finely balanced as the pair hovers above initial key
support at 1.3998. While this level holds, there remains a threat that the
bullish theme could resume, following the positive price signals generated since
Apr 15. The rally on this day confirmed a bullish engulfing candle pattern,
highlighting a reversal. Weakness below 1.3998 would however be a concern for
bulls and instead highlight a possible retest of 1.3856, the Apr 13 low.

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