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TECHS: Bounces Off Support *RES 4:....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bounces Off Support
*RES 4: 1.3802 High Jun 1
*RES 3: 1.3727 50-day EMA
*RES 2: 1.3715 Low May 29
*RES 1: 1.3686 High Jun 15 and intraday bull trigger
*PRICE: 1.3640 @ 06:13 BST Jun 25
*SUP 1: 1.3486 Low Jun 23
*SUP 2: 1.3398 Low Jun 11 and key near-term support
*SUP 3: 1.3316 Low Jun 10 and bear trigger
*SUP 4: 1.3267 Low Feb 25
USDCAD traded higher yesterday. A bullish outlook remains in place. The recent
move off 1.3316, Jun 10 low continues to highlight a bullish backdrop. The
candle pattern on Jun 10 was a doji and on Jun 11, a bullish engulfing reversal.
Both highlight a potential base at 1.3316. Furthermore, the consolidation since
Jun 12 displays the lack of bearish pressure. The next bull trigger is 1.3686,
Jun 15 high. Key support is at 1.3398, Jun 11 low.

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