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DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Attention Turns To Support
*RES 4: 1.3847 2.0% 10-dma envelope
*RES 3: 1.3802 High Jun 1
*RES 2: 1.3669/3716 50-day EMA / High Jun 26 and the bull trigger
*RES 1: 1.3646 High Jul 14 and key near-term bull trigger
*PRICE: 1.3530 @ 10:41 BST Jul 16
*SUP 1: 1.3491/86 Low Jul 9 / Low Jun 23 and key near-term pivot support
*SUP 2: 1.3398 Low Jun 11
*SUP 3: 1.3316 Low Jun 10 and bear trigger
*SUP 4: 1.3235 Low Feb 24
USDCAD sold off sharply yesterday and attention is on the key near-term support
at 1.3491/86. While this support holds, a bullish theme prevails following the
breach on Jun 26 of resistance at 1.3686, Jun 15 high. 1.3716, Jun 26 high is
the key trigger for a stronger resumption of gains that would open 1.3802, Jun 1
high. The initial bull trigger though is at 1.3646, Jul 14 high. Sub 1.3486
levels threaten this outlook and expose 1.3398, Jun 11 low.

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