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TECHS: Bullish Candle Patterns *RES...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bullish Candle Patterns
*RES 4: 1.3833 High May 29
*RES 3: 1.3784 50-day EMA
*RES 2: 1.3715 Low May 29
*RES 1: 1.3666 High Jun 15
*PRICE: 1.3641 @ 06:17 BST Jun 15
*SUP 1: 1.3527 Low Jun 12
*SUP 2: 1.3398 Low Jun 11
*SUP 3: 1.3316 Low Jun 10 and bear trigger
*SUP 4: 1.3267 Low Feb 25
After a sharp bounce Thursday, USDCAD took out resistance at 1.3585, Jun 2 high.
Wednesday's candle pattern was a doji, suggesting a base may have been
established at the recent low of 1.3316. This was reinforced Thursday with a
second candle pattern, a bullish engulfing reversal. It appears a trend reversal
has occurred with further gains likely near-term. A break of 1.3316 is required
to reinstate a bearish theme.

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