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TECHS: Attention Is On Support *RES...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Attention Is On Support
*RES 4: 1.4198 High Apr 23
*RES 3: 1.4173 High May 7 and key near-term resistance
*RES 2: 1.4141 High May 14
*RES 1: 1.4048 High May 25
*PRICE: 1.3946 @ 05:55 BST May 26
*SUP 1: 1.3867 Low May 19
*SUP 2: 1.3851 Low Apr 30 and bear trigger
*SUP 3: 1.3812 50.0% retracement of the rally between Jan 7 - Mar 19
*SUP 4: 1.3734 Low Mar 16
USDCAD focus is on support. The move lower earlier last week follows a failure
to challenge 1.4173, May 7 high. A break of this resistance is still required to
reinforce bullish conditions. A breach would confirm a break of 38.2% of the Mar
19 - Apr 30 sell-off, at 1.4163 and open 1.4265, Apr 21 high. Firm support is at
1.3867, May 19 low and 1.3851, Apr 30 low. Attention is on these supports,
clearance of 1.3867 would be bearish.

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