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TECHS: 50-dma breached *RES 3:........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 50-dma breached
*RES 3: 1.3355 61.8% retracement of the May 31-Jul 19 decline
*RES 2: 1.3286 High Jun 20
*RES 1: 1.3243/47 Intraday high/Aug 01 high
*PRICE: 1.3230 @ 05:19 GMT Aug 05
*SUP 1: 1.3214 50-dma
*SUP 2: 1.3116 Low Jul 23 and Jul 25
*SUP 3: 1.3016/15 Low Jul 19/Low Oct 25, 2018
Rate edges higher early this week, but fails to gain any real upside impetus on
an attempt to break through the August 1 high. Clustered resistance is then
noted into the June 20 high. Bears look for a quick move back below the 50-dma,
which would allow them to keep the focus lower.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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