TECHS: Bullish Theme Likely To........>

DOLLAR-CANADA: TECHS: Bullish Theme Likely To Resuming

*RES 4: 1.4349 High Mar 31 and key resistance

*RES 3: 1.4299 High Apr 2

*RES 2: 1.4265 High Apr 21 and the bull trigger

*RES 1: 1.4198 High Apr 23

*PRICE: 1.4089 @ 06:33 BST Apr 24

*SUP 1: 1.4001 Low Apr 23

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

*SUP 3: 1.3876/56 50-day EMA / Low Apr 13

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

The pullback in USDCAD 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 the primary target

for now and 1.4265 is the bull trigger. Watch support at 1.3998.