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TECHS: Bullish Outlook Intact *RES....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bullish Outlook Intact
*RES 4: 1.3383 High Sep and key resistance
*RES 3: 1.3348 High Oct 3
*RES 2: 1.3300 High Oct 11
*RES 1: 1.3240 High Oct 15
*PRICE: 1.3223 @ 10:48 GMT Nov 11
*SUP 1: 1.3160 Low Nov 7
*SUP 2: 1.3115 Low Nov 5 and key near-term support
*SUP 3: 1.3075 Low Oct 30
*SUP 4: 1.3042 Low Oct 29 and initial key support
USDCAD maintains a bullish outlook having last week extended the rally off
Tuesday's 1.3115 low. Bullish conditions also follow the broader recovery off
the Oct 29 low of 1.3042. This reversal is significant given it occurred ahead
of the primary support at 1.3016, Jul 19 low. The former key short-term
resistance and bull trigger of 1.3208, Oct 30 high has been cleared. The break
opens 1.3240 and 1.3300. Initial support is at 1.3160.

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