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TECHS: Bullish Theme Intact *RES 4:...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bullish Theme Intact
*RES 4: 1.3300 High Oct 11
*RES 3: 1.3240 High Oct 15
*RES 2: 1.3212 High Oct 17
*RES 1: 1.3202/08 100-DMA / High Oct 30
*PRICE: 1.3156 @ 10:39 GMT Nov 4
*SUP 1: 1.3130 Intraday low
*SUP 2: 1.3075 Low Oct 30
*SUP 3: 1.3042 Low Oct 29 and initial key support
*SUP 4: 1.3016 Low Jul 19 and major support
USDCAD maintains a bullish outlook following last weeks rebound and despite
Friday's pullback. The move higher last week highlights a potential base and
reversal at the Oct 29 low of 1.3042. |The reversal is significant given it
occurred ahead of the primary support at 1.3016, Jul 19 low. Key short-term
resistance is at 1.3208, Oct 30 high where a break would extend the bounce and
open 1.3240. Support lies at 1.3075.

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