TECHS: Bearish trend intact: *RES.....>

DOLLAR-CANADA: TECHS: Bearish trend intact:

*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: 1.3057/72 100-hma / 200-hma

*PRICE: 1.3052 @ 05:56 GMT Jul 16

*SUP 1: 1.3018 Low Jul 12 and YTD low

*SUP 2: 1.3015 Low Oct 25 2018

*SUP 3: 1.3000 Psychological round number

*SUP 4: 1.2990 100-wma

USDCAD remains in a downtrend. The rejection off the key 1.3145 area on Jul 10

witnessed a sharp retracement, resulting in a move to fresh ytd lows of 1.3018

on Jul 12. This paves the way for an extension lower and opens the psychological

1.3000 level. A break here would expose the 100-wma at 1.2990. As long as

resistance, defined at the recent high of 1.3144/45 on Jul 1 and Jul 10 holds,

the outlook in USDCAD is bearish.