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TECHS: 55-DMA up next: *RES 4:........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: 55-DMA up next:
*RES 4: 1.3355 61.8% retracement of the May 31-Jul 19 decline
*RES 3: 1.3286 High Jun 20
*RES 2: 1.3247 High Aug 1
*RES 1: 1.3237/38 Upper Boll Band (2%)/55-dma
*PRICE: 1.3222 @ 16:05 GMT Aug 01
*SUP 1: 1.3116 Low Jul 23 and Jul 25
*SUP 2: 1.3016/15 Low Jul 19/Low Oct 25, 2018
*SUP 3: 1.3000 Psychological round number
*SUP 4: 1.2990 76.4% of the rally between Oct 1-Dec 31, 2018
Bulls were rewarded further Thursday, but they now need to overcome the 55-dma
to allow them to set their sights higher. 1.3247 and 1.3286 present the next
targets beyond there. With the 55-DMA capping, bears remain hopeful of a return
to 1.3116 support.
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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