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TECHS: Bull Flag Formation *RES 4:....>

DOLLAR-CANADA: TECHS: Bull Flag Formation
*RES 4: 1.3409 1.00 projection of Jul 19 - Sep 3 rally from Oct 29 low
*RES 3: 1.3383 Sep 3 high and key resistance
*RES 2: 1.3348 High Oct 3
*RES 1: 1.3328 High Nov 20
*PRICE: 1.3290 @ 06:12 GMT Nov 28
*SUP 1: 1.3255 Low Nov 22
*SUP 2: 1.3191 Low Nov 19 and key near-term support
*SUP 3: 1.3172 Low Nov 8
*SUP 4: 1.3115 Low Nov 5
USDCAD found support off the day low yesterday, the outlook remains bullish. An
engulfing candle pattern on Nov 19 highlighted a resumption of the uptrend
resulting in a break of 1.3271, Nov 14 high to maintain the sequence of higher
highs and higher lows in the trend that began on Oct 29. Furthermore, the recent
consolidation appears to be a bull flag. A break of 1.3328 would resume the
uptrend and open 1.3348 and 1.3383. Support is at 1.3255, Nov 22 low.

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