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TECHS: Bears in control: *RES 4:......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bears in control:
*RES 4: 1.3432/35 High Jun 18 / 76.4% retracement of the May 31 - Jul 19 decline
*RES 3: 1.3432 High Jun 18
*RES 2: 1.3383 High Sep 3 and key resistance
*RES 1: 1.3345 High Sep 4
*PRICE: 1.3164 @ 18:05 BST Sep 6
*SUP 1: 1.3160 Intraday Low
*SUP 2: 1.3156 61.8% retracement of the Jul 19 - Sep 3 rally
*SUP 3: 1.3140 1.0% 10-dma envelope
*SUP 4: 1.3103 76.4% retracement of the Jul 19 - Sep 3 rally
Friday's move lower keeps the bearish undertones for the pair intact, with
Wednesday's solid bearish candle highlighting the reversal in sentiment that has
occurred this week. Attention shifts to support at 1.3156, key Fib support. A
break would expose a deeper decline and open the 1.0% 10-dma envelope initially.
Key resistance has been defined at 1.3383.

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