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TECHS: Bearish Risk Stronger Below....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bearish Risk Stronger Below 200-dma
*RES 4: 1.3867 Low May 19
*RES 3: 1.3833 High May 29 and key near-term resistance
*RES 2: 1.3715 Low May 29
*RES 1: 1.3585 High Jun 2
*PRICE: 1.3423 @ 17:08 BST Jun 5
*SUP 1: 1.3392 Low Jun 4
*SUP 2: 1.3380 Low Mar 3
*SUP 3: 1.3361 76.4% retracement of the Jan - Mar rally
*SUP 4: 1.3247 3.0% 10-dma envelope
USDCAD remains under pressure, with the bearish argument firming now the pair
sits below the 200-dma. Momentum studies are also trending lower highlighting
the risk for an extension of this bearish cycle, which initially targets 1.3380
and the Fib support at 1.3361. Key short-term resistance is seen at 1.3833, May
29 high.

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