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TECHS: BoC betrays bulls: *RES 4:.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: BoC betrays bulls:
*RES 4: 1.3452 High Jun 4
*RES 3: 1.3432/35 High Jun 18 / 76.4% retracement of the May 31 - Jul 19 decline
*RES 2: 1.3432 High Jun 18
*RES 1: 1.3383 Sep 3 high
*PRICE: 1.3236 @ 16:28 GMT Sep 4
*SUP 1: 1.3234 Intraday low
*SUP 2: 1.3225 Low Aug 27 and key support
*SUP 3: 1.3211 Low Aug 14
*SUP 4: 1.3185 Low Aug 13
Any signs of life among the bulls this week were pushed back by the moderately
hawkish Bank of Canada rate decision, which saw the pair retrace back toward the
late August lows and key support at 1.3225. A break below here is needed shift
the outlook wholesale, but the lack of bulls' ability to boost prices is
concerning. To regather traction, markets need a recovery above yesterday's
1.3383 high and target 1.3432.

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