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

DOLLAR-CANADA
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: 1.3094 Intraday high
*PRICE: 1.3046 @ 15:41 GMT Jul 17
*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 failed to clear 1.31, with the subsequent retracement extending back
towards the 1.3050 area. The previous rejection off 1.3145 on Jul 10 further
cements the significance for bears and paves the way for an extension lower
towards the psychological 1.3000 level. A break here would expose the 100-wma at
1.2990. As long as resistance at the recent highs of 1.3144/45 hold, the outlook
in USDCAD is bearish.

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