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TECHS: Bearish conditions persist:....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bearish conditions persist:
*RES 4: 1.3432 High Jun 18
*RES 3: 1.3383 High Sep 3 and key resistance
*RES 2: 1.3345 High Sep 4
*RES 1: 1.3246 High Sep 5
*PRICE: 1.3186 @ 08:43 GMT Sep 10
*SUP 1: 1.3139/32 Low Sep 9 / 1.0% 10-dma envelope
*SUP 3: 1.3121 3% Lower Bollinger Band
*SUP 4: 1.3103 76.4% retracement of Jul 19 - Sep 3 rally
*SUP 4: 1.3016 Low Jul 16
USDCAD maintains a bearish tone with Monday's session confirming a fresh low
print at 1.3139. The weaker outlook follows last week's solid bearish candle
that highlighted a reversal in sentiment. The break of the 1.3156 key Fibonacci
retracement signals scope for a deeper decline and opens the 1.0% 10-dma
envelope at 1.3132 plus the 1.3108, 76.4% retracement level. On the upside,
1.3246 marks resistance.

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