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TECHS: Back above 1.3300: *RES 4:.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Back above 1.3300:
*RES 4: 1.3452 High Jun 4
*RES 3: 1.3432/35 High Jun 18 / 76.4% retracement of the May 31 - Jul 19 decline
*RES 2: 1.3432 High Jun 18
*RES 1: 1.3346/55 High Aug 20 / 61.8% retracement of the May 31 - Jul 19 decline
*PRICE: 1.3306 @ 04:45 GMT Aug 28
*SUP 1: 1.3225 Low Aug 27
*SUP 2: 1.3211 Low Aug 14
*SUP 3: 1.3185 Low Aug 13
*SUP 4: 1.3142 61.8% retracement of Jul 19 - Aug 20 rally
USDCAD is pushing higher, following the bounce off yesterday's 1.3225 low. The
move above 1.3300 is a positive development for bulls and the focus shifts to
1.3346, the Aug 20 high. This is a key resistance and just above, is the 61.8%
retracement of the May 31 - July 19 decline at 1.3355. Clearance of 1.3346/55
would reinforce a bullish theme and open 1.3432, allowing for an extension of
the uptrend that has been in place since Jul 19. Support lies at 1.3225.

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