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

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bullish Theme Intact
*RES 4: 1.3383 High Sep and key resistance
*RES 3: 1.3348 High Oct 3
*RES 2: 1.3300 High Oct 11
*RES 1: 1.3268 Intraday high
*PRICE: 1.3239 @ 17:46 GMT Nov 13
*SUP 1: 1.3208 High Oct 30
*SUP 2: 1.3172 Low Nov 8
*SUP 3: 1.3115 Low Nov 5 and key near-term support
*SUP 4: 1.3075 Low Oct 30
USDCAD traded higher again Wednesday but has failed to hold onto the day high.
Despite this, a bullish outlook is maintained. This positive outlook follows
last weeks rally off 1.3115, Nov 5 low that maintains the broader move higher
off the Oct 29 low of 1.3042. The reversal off 1.3042 was significant given it
occurred ahead of support at 1.3016, Jul 19 low. Momentum is rising, reinforcing
the bullish conditions. Attention is on 1.3300 next. Support is at 1.3172.

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