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DOLLAR-CANADA: TECHS: Bullish Breakout Cemented:
*RES 4: 1.3501 1.00 projection of Jul 19 - Sep 3 rally from Sep 10 low
*RES 3: 1.3432 High Jun 18
*RES 2: 1.3383 High Sep 3 and key resistance
*RES 1: 1.3348 High Oct 3
*PRICE: 1.3327 @ 16:04 GMT Oct 3
*SUP 1: 1.3206 Intraday low / Low Sep 13 and key near-term support
*SUP 2: 1.3177 Low Sep 12
*SUP 3: 1.3134 Low Sep 10 and key support
*SUP 4: 1.3106 Low Jul 31
USDCAD took out a host of key resistance levels Wednesday, signalling a bullish
breakout that appears to have given the uptrend the legs for an extension
higher. Importantly, support at 1.3206 held and not only has the pair breached
1.3310 former resistance but yesterday saw a close above 1.3300. This reinforces
the recovery established off the low of Sep 10 and opens 1.3345, the high of Sep
4 and 1.3383, Sep 3 high next. Key support lies at 1.3206.