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DOLLAR-CANADA: TECHS: Bullish Recovery
*RES 4: 1.3300 High Oct 11
*RES 3: 1.3240 High Oct 15
*RES 2: 1.3212 High Oct 17
*RES 1: 1.3204/08 100-DMA / High Oct 30
*PRICE: 1.3158 @ 16:22 GMT Oct 31
*SUP 1: 1.3075 Low Oct 30
*SUP 2: 1.3042 Low Oct 29 and initial key support
*SUP 3: 1.3016 Low Jul 19 and major support
*SUP 4: 1.2991 76.4% retracement Oct 2018 - Jan 2019 Rally
USDCAD jolted sharply higher following the Bank of Canada decision. The move
higher has reinforced the potential significance of Tuesday's candle pattern, a
bullish engulfing reversal. This highlighted a potential base at Tuesday low of
1.3042 and is significant given the reversal occurred ahead of the primary
support at 1.3016, Jul 19 low. The pair has traded through 1.3146, this opens
1.3212 next. Support lies at 1.3075.
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