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TECHS: Bearish tone intact: *RES 4:...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bearish tone intact:
*RES 4: 1.3383 High Sep 3 and key resistance
*RES 3: 1.3345 High Sep 4
*RES 2: 1.3246 High Sep 5
*RES 1: 1.3192 High Sep 10
*PRICE: 1.3154 @ 08:45 GMT Sep 11
*SUP 1: 1.3134 Low Sep 10
*SUP 2: 1.3103 76.4% retracement of Jul 19 - Sep 3 rally
*SUP 3: 1.3041 Low Jul 22
*SUP 4: 1.3016 Low Jul 16
USDCAD maintains a bearish tone with the trend extending to a fresh low print
yesterday of 1.3134. The weaker outlook follows last week's solid bearish candle
that highlighted a reversal in sentiment. The break of the 1.3156 key 61.8%
Fibonacci retracement signals scope for a deeper decline and opens 1.3103, 76.4%
retracement of the Jul 19 - Sep 3 rally and 1.3016, the mid-July lows. On the
upside, 1.3192 and 1.3246 marks resistance.

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