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TECHS: Bullish tone intact: *RES 4:...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bullish tone intact:
*RES 4: 1.3452 High Jun 4
*RES 3: 1.3432/35 High Jun 18 / 76.4% retracement of the May 31 - Jul 19 decline
*RES 2: 1.3432 High Jun 18
*RES 1: 1.3383 Sep 3 high
*PRICE: 1.3314 @ 09:18 GMT Sep 4
*SUP 1: 1.3248 Low Aug 30
*SUP 2: 1.3225 Low Aug 27 and key support
*SUP 3: 1.3211 Low Aug 14
*SUP 4: 1.3185 Low Aug 13
USD/CAD finally showed some (bullish) life yesterday as it eroded congestion
resistance at 1.3346, the Aug 20 high and 1.3355, the 61.8% retracement of the
May 31 - Jul 19 decline. Although the pair failed to hold onto the days highs,
the outlook remains bullish and a move above yesterday's 1.3383 high would
resume the uptrend and target 1.3432. A concern for bulls is yesterday's candle
pattern, a shooting star (inverted hammer). Watch support at 1.3248.

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