TECHS: Bullish Theme Could Easily.....>

DOLLAR-CANADA: TECHS: Bullish Theme Could Easily Resume

*RES 4: 1.4485 High Mar 25

*RES 3: 1.4349 High Mar 31 and key resistance

*RES 2: 1.4299 High Apr 2

*RES 1: 1.4265 High Apr 21

*PRICE: 1.4048 @ 17:34 BST Apr 23

*SUP 1: 1.4001 Low Apr 23

*SUP 2: 1.3998 Low Apr 17 / 20 and key near-term support

*SUP 3: 1.3856/67 Low Apr 13 / 50-day EMA

*SUP 4: 1.3812 50.0% retracement of the Jan 20 - Mar 19 rally

The pullback extended into a second session Thursday, with prices dropping

comfortably through the Apr 21 low of 1.4114 to expose key near-term support at

1.3998. There remains a threat that the bullish theme could resume, however,

with last week's move higher signalling the end of the recent Mar 19 - Apr 13

bearish cycle. Resistance at 1.4349, Mar 31 high is primary target for now.