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

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bullish Outlook 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: 1.3283 @ 06:09 GMT Nov 22
*SUP 1: 1.3263 Low Nov 20
*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
Despite pulling back yesterday, USDCAD remains bullish following the strong
rebound earlier this week. A bullish engulfing pattern Tuesday saw prices trade
above former 1.3271, Nov 14 high to maintain the sequence of higher highs and
higher lows in the trend that started on Oct 29. A break above Wednesday's
1.3328 high would resume the uptrend and open 1.3348 the Oct 3 high next and
1.3383, Sep 3 high. Initial support is at Wednesday's 1.3263 low.

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