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TECHS: Bearish Outlook: *RES 4:.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bearish Outlook:
*RES 4: 1.3333 20-day EMA
*RES 3: 1.3311 200-HMA
*RES 2: 1.3285 200-DMA
*RES 1: 1.3226 Jun 10 low
*PRICE: 1.3198 @ 15:45 GMT June 24
*SUP 1: 1.3151 Low Jun 20
*SUP 2: 1.3119 61.8% 1.2783 - 1.3665
*SUP 3: 1.3113 Low Feb 25
*SUP 4: 1.3069 Low Feb 1
USDCAD remains heavy, dropping for the fourth session in five Monday. The break
of 1.3224 was an important bearish technical development and is likely to weigh
on the pair short-term. Potential is seen for a move towards 1.3113 and 1.3069
as initial targets. On the upside, first resistance comes in at last week's
breakout point of 1.3226. The 200-dma intersects at 1.3285, ahead of the 200-hma
at 1.3311 which represents a more important level of resistance for bears.

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