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TECHS: Bullish Conditions Hold *RES...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bullish Conditions Hold
*RES 4: 1.4045 2.236 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 3: 1.4000 Round number resistance
*RES 2: 1.3956 2.000 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 1: 1.3898 High Mar 12
*PRICE: 1.3799 @ 17:58 GMT Mar 12
*SUP 1: 1.3682 Low Mar 11
*SUP 2: 1.3609 Low Mar 10
*SUP 3: 1.3462 Low Mar 9
*SUP 4: 1.3429 20-day EMA
USDCAD remains bullish and price traded higher again Thursday. The focus is now
on 1.3956, a Fibonacci projection next. The trend maintains the current bullish
price sequence of higher highs and higher lows that has been in place since the
recovery off the Dec 31 low. Daily conditions are overbought though and supports
will play an important role in assessing the risk of a correction. Initial firm
support lies at 1.3682, Mar 11 low.

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