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TECHS: Bullish Focus *RES 4: 1.3864...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bullish Focus
*RES 4: 1.3864 2.0% 10-dma envelope
*RES 3: 1.3802 High Jun 1
*RES 2: 1.3722 50-day EMA
*RES 1: 1.3716 High Jun 26
*PRICE: 1.3685 @ 16:59 BST Jun 29
*SUP 1: 1.3608 Low Jun 25
*SUP 2: 1.3486 Low Jun 23 and key near-term support
*SUP 3: 1.3398 Low Jun 11
*SUP 4: 1.3316 Low Jun 10 and bear trigger
USDCAD made light work of the 1.3686 bull trigger Friday, cementing the current
upward trend. The recent recovery off 1.3316, Jun 10 low remains intact,
reinforcing a bullish theme. The candle pattern on Jun 10 was a doji and on Jun
11, a bullish engulfing reversal. Both highlighted a potential base at 1.3316
and the subsequent recovery confirms this. The focus is on 1.3802 next, Jun 1
high. Key support is at 1.3486, Jun 23 low.

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