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TECHS: Aug 7 high key: *RES 4:........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Aug 7 high key:
*RES 4: 1.3452 High Jun 4
*RES 3: 1.3435 76.4% retracement of the May 31-Jul 19 decline
*RES 2: 1.3432 High Jun 18
*RES 1: 1.3345/55 High Aug 7 / 61.8% retracement of the May 31-Jul 19 decline
*PRICE: 1.3315 @ 15:19 GMT Aug 14
*SUP 1: 1.3243/35 200-hma / 100-hma
*SUP 2: 1.3178/68 Low Aug 5/cloud base
*SUP 3: 1.3145 61.8% retracement of the Jul 19-Aug 7 rally
*SUP 4: 1.3124/21 50-mma/200-wma
USDCAD bulls successfully tackled resistance at the 1.3300/08 area, marking the
100-dma, cloud top & 200-dma. This level had previously held well, so a close
above today would firm the upside case. Bears take comfort from last Wednesday's
bearish shooting star candle pattern and a bearish engulfing the following day.
Downside focus remains on the Aug 5 low at 1.3178, ahead of the Jul 31 low at
1.3106.

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