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TECHS: Base Building? *RES 4:.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Base Building?
*RES 4: 1.3181 High Dec 20 and key resistance
*RES 3: 1.3103 Low Dec 18
*RES 2: 1.3070 High Dec 31
*RES 1: 1.3044 High Jan 8
*PRICE: 1.3038 @ 06:12 GMT Jan 9
*SUP 1: 1.2976 Low Jan 8
*SUP 2: 1.2952 Low Dec 31 and bear trigger
*SUP 3: 1.2917 Low Oct 16
*SUP 4: 1.2857 Low Oct 4, 2018
USDCAD broke higher again Tuesday, clearing key near-term resistance at 1.3042
suggesting a potential base for now at the recent 1.2952 low, Dec 31. The close
above 1.3042 is promising and has opened a recovery toward 1.3070, Dec 31 high
where a break would open the 1.3100 handle and potentially the 50-dma at 1.3176.
A return below 1.2952 would instead resume the downtrend and open 1.2917, Oct 16
low, 2018.

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