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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 High July 17
*PRICE: 1.3054 @ 05:01 GMT Jul 18
*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
Bearish outlook remains intact. The pair failed to clear 1.3100 yesterday, with
the subsequent retracement extending back towards the 1.3050 area. The previous
rejection off 1.3145 on Jul 10 further cements the outlook for bears and paves
the way for an extension lower towards the psychological 1.3000 level. A break
here would open 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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