TECHS: Clears Key Intraday Support....>

DOLLAR-CANADA: TECHS: Clears Key Intraday Support

*RES 4: 1.3716 High Jun 26 and the trend reversal trigger

*RES 3: 1.3644/46 50-day EMA / High Jul 14 and key near-term resistance

*RES 2: 1.3600 High Jul 20

*RES 1: 1.3537 High Jul 21

*PRICE: 1.3444 @ 06:26 BST Jul 22

*SUP 1: 1.3410 76.4% retracement of the Jun 10-26 rally

*SUP 2: 1.3398 Low Jun 11

*SUP 3: 1.3316 Low Jun 10 and bear trigger

*SUP 4: 1.3235 Low Feb 24

USDCAD traded lower Monday and remained under pressure Tuesday. Price action has

cleared the key near-term support at 1.3486, Jun 23 low. This confirms the end

of the broad sideways move that has dominated since mid-June and has undermined

the recent bullish focus. Attention turns to 1.3398 next Jun 11 low with primary

support at 1.3316, Jun 10 low. Initial resistance is at 1.3537, Jul 21 high

ahead of the key level at 1.3646, Jul 14 high.