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TECHS: Capped at Aug 7 high: *RES.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Capped at Aug 7 high:
*RES 4: 1.3452 High Jun 4
*RES 3: 1.3435 76.4% retracement of the May 31-Jul 19 decline
*RES 2: 1.3432 High Jun 18
*RES 1: 1.3345/55 High Aug 7 / 61.8% retracement of the May 31-Jul 19 decline
*PRICE: 1.3274 @ 04:42 GMT Aug 19
*SUP 1: 1.3268/81 200-hma / 100-hma
*SUP 2: 1.3178/68 Low Aug 5 / cloud base
*SUP 3: 1.3145 61.8% retracement of the Jul 19-Aug 7 rally
*SUP 4: 1.3124/21 50-mma/200-wma
USDCAD has failed thus far to extend the strong bounce on Aug 13 and 14 that saw
the pair tackle the resistance at 1.3300/08, the 100-dma, cloud top & 200-dma.
Resistance is at 1.3345, clearance of this level would further reinforce a
bullish theme and open 1.3432. Bears take comfort from a bearish shooting star
candle pattern on Aug 7 and a bearish engulfing the following day. For these to
remain valid, price action needs to hold below 1.3345.

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