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TECHS: Bearish outlook below..........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bearish outlook below 1.3226:
*RES 3: 1.3298 200-HMA
*RES 2: 1.3286 200-DMA
*RES 1: 1.3226 Jun 10 low
*PRICE: 1.3176 @ 09:05 GMT June 25
*SUP 1: 1.3151 Low Jun 20
*SUP 2: 1.3120 61.8% 1.2783 - 1.3665
*SUP 3: 1.3113 Low Feb 25
*SUP 4: 1.3069 Low Feb 1
Firmer oil prices continue to underpin CAD which has seen topside gains capped
ahead of 1.32. USDCAD dropped for the fourth session in five Monday, with
near-term focus on the Jun 20 low at 1.3151. A break opens the potential of a
move towards 1.3113 and 1.3069. On the upside, first resistance is at last
week's breakout point of 1.3226. The 200-dma intersects at 1.3286, ahead of the
200-hma at 1.3298 which represents a more important level of resistance for
bears.

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