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TECHS: Bull Flag Highlights Bullish...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bull Flag Highlights Bullish Outlook
*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: 1.3294 @ 06:16 GMT Dec 2
*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 is unchanged and maintains a bullish structure. This follows the
engulfing candle pattern on Nov 19 that highlighted a resumption of the uptrend
resulting in a break of 1.3271, Nov 14 high. This maintains 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 again
resume the uptrend and open 1.3348 and 1.3383. Support is at 1.3255.

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