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TECHS: Bulls Hold On *RES 4: 1.4189...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bulls Hold On
*RES 4: 1.4189 2.618 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 3: 1.4145 2.500 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 2: 1.4100 2.382 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 1: 1.4078 Intraday high
*PRICE: 1.4063 @ 09:48 GMT Mar 17
*SUP 1: 1.3734 Low Mar 16
*SUP 2: 1.3708 Low Mar 12 and key near-term support
*SUP 3: 1.3609 Low Mar 10
*SUP 4: 1.3556 20-day EMA
USDCAD remains bullish. With further gains still likely, the focus is on 1.4100.
The latter is a Fibonacci projection. The trend maintains the current bullish
price sequence of higher highs and higher lows that has been in place since the
recovery off the Dec 31 low. Daily conditions are overbought though and supports
will play an important role this week in assessing the risk of a correction.
Firm support is seen at 1.3734, Mar 16 low and 1.3708, low Mar 12.

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