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DOLLAR-CANADA: TECHS: Bear Trigger Tested
*RES 4: 1.4265 High Apr 21 and the bull trigger
*RES 3: 1.4198 High Apr 23
*RES 2: 1.4121 High Apr 27
*RES 1: 1.4004 High Apr 29 and initial key resistance
*PRICE: 1.3910 @ 16:58 BST Apr 30
*SUP 1: 1.3851 Low Apr 30
*SUP 2: 1.3813 50.0% retracement of the rally between Jan 7 - Mar 19
*SUP 3: 1.3734 Low Mar 16
*SUP 4: 1.3611 Low Mar 11
Rate fell further Thursday to test, but not convincingly break, the bear trigger
at 1.3856, Apr 13 low. Price has edged below the 50-day EMA, further
highlighting a bearish tone. A close below 1.3856 would represent an important
short-term technical break and confirm a resumption of the move lower that
started on Mar 19. This would open 1.3813 initially, a Fibonacci retracement.
First resistance is seen at 1.4004, Apr 29 high.

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