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TECHS: Bullish Conditions Hold *RES...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bullish Conditions Hold
*RES 4: 1.4100 2.382 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 3: 1.4045 2.236 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 2: 1.4000 Round number resistance
*RES 1: 1.3961 High Mar 13
*PRICE: 1.3902 @ 06:12 GMT Mar 13
*SUP 1: 1.3682 Low Mar 11
*SUP 2: 1.3609 Low Mar 10
*SUP 3: 1.3476 20-day EMA
*SUP 4: 1.3462 Low Mar 9
USDCAD remains bullish and price traded higher again Thursday. The focus is now
on 1.4000 and 1.4045. The latter is a Fibonacci projection. 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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