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TECHS: Bearish MA crossovers: *RES....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bearish MA crossovers:
*RES 4: 1.3226 Low Jun 10
*RES 3: 1.3196 High Jun 26
*RES 2: 1.3144/45 High Jul 10 / High Jul 1 and key resistance
*RES 1: 1.3110 High July 19
*PRICE: 1.3063 @ 05:03 GMT Jul 22
*SUP 1: 1.3016/15 Low Jul 19 / Low Oct 25 2018
*SUP 2: 1.3000 Psychological round number
*SUP 3: 1.2990 100-wma / 76.4% of the rally between Oct 1-Dec 31, 2018
*SUP 4: 1.2970 Low Oc 24, 2018
USDCAD remains locked in a clear downtrend with a price sequence of lower lows
and lower highs still dominating. The recent bearish MA triple crossover 50dma
below the 100/200dma has the potential for a move lower towards the
psychological 1.3000 level. A break here would open the 100-wma at 1.2990, also
the 76.4% retracement level of rally between Oct 1-Dec 31, 2018. Below this
support, 1.2916 would be exposed. Key resistance remains 1.3144/45.

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