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TECHS: Closing In On 1.3300 *RES 4:...>
DOLLAR-CANADA: TECHS: Closing In On 1.3300
*RES 4: 1.3383 High Sep and key resistance
*RES 3: 1.3348 High Oct 3
*RES 2: 1.3300 High Oct 11
*RES 1: 1.3271 Intraday high
*PRICE: 1.3258 @ 18:30 GMT Nov 14
*SUP 1: 1.3208 High Oct 30 and former breakout level
*SUP 2: 1.3172 Low Nov 8
*SUP 3: 1.3115 Low Nov 5 and key near-term support
*SUP 4: 1.3075 Low Oct 30
USDCAD traded higher again Thursday to maintain the current bullish theme. This
positive outlook follows last weeks rally off 1.3115, Nov 5 low that maintains
the broader move higher off the Oct 29 low of 1.3042. The reversal off 1.3042
was significant given it occurred ahead of support at 1.3016, Jul 19 low.
Momentum studies are rising, reinforcing bullish conditions. Attention is on
1.3300 next. Support is at 1.3208.
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