TECHS: Bulls retreat: *RES 4:.........>

DOLLAR-CANADA: TECHS: Bulls retreat:

*RES 4: 1.3432/35 High Jun 18 / 76.4% retracement of the May 31 - Jul 19 decline

*RES 3: 1.3432 High Jun 18

*RES 2: 1.3383 High Sep 3 and key resistance

*RES 1: 1.3345 High Sep 4

*PRICE: 1.3220 @ 05:04 GMT Sep 5

*SUP 1: 1.3218 Intraday low

*SUP 2: 1.3211 Low Aug 14

*SUP 3: 1.3185 Low Aug 13

*SUP 4: 1.3156 61.8% retracement of the Jul 19 - Sep 3 rally

Any USDCAD signs of life among the bulls this week were pushed back by the

moderately hawkish Bank of Canada rate decision, which saw the pair retrace back

toward the late August lows and key support at 1.3225, Aug 27 low. While this

level has been probed, a clear break is needed to further undermine the recent

bull trend and expose support at 1.3185, the low of Aug 13. A break here would

expose a deeper decline. Key resistance has been defined at 1.3383.