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TECHS: Bullish Focus Intact *RES 4:...>

DOLLAR-CANADA: TECHS: Bullish Focus Intact
*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: 1.3313 @ 10:42 GMT Nov 26
*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 remains bullish following last weeks strong rebound. A bullish engulfing
pattern on Nov 19 highlighted a resumption of the uptrend resulting in a break
of 1.3271, Nov 14 high to maintain the sequence of higher highs and higher lows
in the trend that began on Oct 29. A break above Wednesday's 1.3328 high would
resume the uptrend again and open 1.3348 the Oct 3 high next and 1.3383, Sep 3
high. Initial support lies at 1.3255, Nov 22 low.

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