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TECHS: Breaches Key Support *RES 4:...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Breaches Key Support
*RES 4: 1.3205 High Dec 13
*RES 3: 1.3181 High Dec 20 and initial key resistance
*RES 2: 1.3103 Low Dec 18
*RES 1: 1.3070 Intraday high
*PRICE: 1.3031 @ 10:04 GMT Dec 31
*SUP 1: 1.3016 Low Jul 19
*SUP 2: 1.3022 1.00 projection of Oct 3 - Oct 29 decline from Nov 20 high
*SUP 3: 1,2991 76.4% retracement of the rally between Oct - Dec 2018
*SUP 4: 1.2970 Low Oct 24, 2018
USDCAD remains under pressure. The pair is trading below former key support at
1.3042, Oct 29 low. This further reinforces the current bearish theme and paves
the way for a move towards 1.3016, Jul 19 low. Clearance of 1.3016 would open
1.2991, the 76.4% retracement of the rally between Oct - Dec 2018. Both momentum
and moving average studies are pointing south reinforcing the current bearish
theme. 1.3070 and 1.3103 mark resistance.

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