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DOLLAR-CANADA: TECHS: All Eyes On Key Support At 1.3856
*RES 4: 1.4265 High Apr 21 and the bull trigger
*RES 3: 1.4198 High Apr 23
*RES 2: 1.4121 High Apr 27
*RES 1: 1.4004 High Apr 29 and initial key resistance
*PRICE: 1.3873 @ 10:44 BST Apr 30
*SUP 1: 1.3856 Low Apr 13 and the bear trigger
*SUP 2: 1.3813 50.0% retracement of the rally between Jan 7 - Mar 19
*SUP 3: 1.3734 Low Mar 16
*SUP 4: 1.3611 Low Mar 11
USDCAD remains soft with the pair approaching the key support at 1.3856, Apr 13
low. Price has edged below the 50-day EMA, further highlighting a bearish tone.
A break of 1.3856 would represent an important short-term technical break and
confirm a resumption of the move lower that started on Mar 19. This would open
1.3813 initially, a Fibonacci retracement. First resistance is seen at 1.4004,
Apr 29 high.