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TECHS: Bullish Focus *RES 4: 1.3348...>

*RES 4: 1.3348 High Oct 3
*RES 3: 1.3328 High Nov 20 and initial key resistance
*RES 2: 1.3298 High Dec 4
*RES 1: 1.3270 High Dec 6
*PRICE: 1.3230 @ 06:05 GMT Dec 10
*SUP 1: 1.3172 Low Dec 6
*SUP 2: 1.3159/51 Low Dec 5 / 61.8% of the Oct 29 to Nov 20 rally
*SUP 3: 1.3109 76.4% retracement of the Oct 29 - Nov 20 rally
*SUP 4: 1.3075 Low Oct 30
USDCAD rallied sharply Friday leaving the 61.8% retracement of the Oct 29 to Nov
20 rally at 1.3151 intact. This is a bullish technical development and if the
USD is able to maintain a bid tone near-term, potential would be seen for an
extension higher towards 1.3300. To negate last week's sharp sell-off though
seen between Dec 3 and Dec 5, a break of 1.3328, Nov 20 high is required. Key
support is at 1.3159.

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