TECHS: Bullish recovery still.........>

DOLLAR-CANADA: TECHS: Bullish recovery still likely:

*RES 4: 1.3355 61.8% retracement of the May 31-Jul 19 decline

*RES 3: 1.3246/86 55-dma / High Jun 20

*RES 2: 1.3226 3% Upper Bollinger Band and Low Jun 10

*RES 1: 1.3199 High Jul 26

*PRICE: 1.3141 @ 04:42 GMT Jul 31

*SUP 1: 1.3116 Low Jul 23 and Jul 25

*SUP 2: 1.3016/15 Low Jul 19 / Low Oct 25 2018

*SUP 3: 1.3000 Psychological round number

*SUP 4: 1.2990 100-wma / 76.4% of the rally between Oct 1-Dec 31, 2018

USDCAD price action has lacked any momentum so far this week, leaving the

technical picture unchanged for now. The overarching tone remains bullish

following last week's break above 1.3144/45. Further gains are seen likely with

attention on 1.3226 next. Momentum is firmer reinforcing the current developing

bullish theme. Strong short-term support has been defined at 1.3116. A failure

to hold above this support would instead expose the ytd low at 1.3016.