TECHS: Bulls Maintains Their Grip.....>

DOLLAR-CANADA: TECHS: Bulls Maintains Their Grip

*RES 4: 1.4145 2.500 projection of the Dec 31 - Feb 10 rally from Feb 21 low

*RES 3: 1.4100 2.382 projection of the Dec 31 - Feb 10 rally from Feb 21 low

*RES 2: 1.4045 2.236 projection of the Dec 31 - Feb 10 rally from Feb 21 low

*RES 1: 1.3995/4000 High Mar 13 / Round number resistance

*PRICE: 1.3887 @ 09:49 GMT Mar 16

*SUP 1: 1.3734 Intraday low

*SUP 2: 1.3708 Low Mar 12 and key near-term support

*SUP 3: 1.3609 Low Mar 10

*SUP 4: 1.3508 20-day EMA

USDCAD remains bullish. With further gains likely, the focus is on 1.4000 and

1.4045. 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 1.3708, Mar 12 low.