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TECHS: Astonishing Rally Extends......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Astonishing Rally Extends
*RES 4: 1.4814 High April 2003
*RES 3: 1.4690 High 2016
*RES 2: 1.4671 3.0% Upper Bollinger Band
*RES 1: 1.4651 Intraday high
*PRICE: 1.4612 @ 17:40 GMT Mar 18
*SUP 1: 1.3961 Low Mar 17
*SUP 2: 1.3734 Low Mar 16
*SUP 3: 1.3708 Low Mar 12 and key near-term support
*SUP 4: 1.3609 Low Mar 10
USDCAD flew through any and all resistance Thursday as oil markets capitulated
further. This resulted in new cycle highs up at 1.4651, just a few pips shy of
the best levels printed in 2016. This remains the key target for bulls. Daily
conditions remain overbought though but are having little if any impact on the
trend for now. Firm support is seen at 1.3734, Mar 16 low and 1.3708, low Mar
12. Initial support though is at 1.3961.

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