TECHS: Bullish outlook down but not...>

DOLLAR-CANADA: TECHS: Bullish outlook down but not out:

*RES 3: 1.3527 High Jun 3

*RES 2: 1.3485 76.4% retracement of the 1.3565-1.3225 decline

*RES 1: 1.3435 61.8% retracement of the 1.3565-1.3225 decline

*PRICE: 1.3302 @ 19:21 GMT June 19

*SUP 1: 1.3285 Intraday low thus far

*SUP 3: 1.3273 Low Jun 12

*SUP 4: 1.3225 Low Jun 10 and key support

USDCAD bears benefited from the Fed decision Wednesday and the sell-off has

extended overnight in Asia. Attention is now on immediate support at 1.3225, the

Jun 10 low where a break would strengthen a bearish outlook and expose 1.3200

initially. To the upside, the focus is on the 61.8% retracement of the

1.3565-1.3225 downleg at 1.3435. A break of this level would open 1.3485 next.

From a broader perspective, USDCAD has traded in a choppy manner this year. As a

result, there is no dominant trend so the potential for gains or losses being

viewed merely as short-term.