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TECHS: Consolidating But Remains......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Consolidating But Remains Vulnerable
*RES 4: 1.3181 High Dec 20 and key resistance
*RES 3: 1.3103 Low Dec 18
*RES 2: 1.3070 High Dec 31
*RES 1: 1.3042 Low Oct 29
*PRICE: 1.2992 @ 06:21 GMT Jan 3
*SUP 1: 1.2952 Low Dec 31
*SUP 2: 1.2917 Low Oct 16
*SUP 3: 1.2857 Low Oct 4, 2018
*SUP 4: 1.2783 Low Oct 1, 2018
USDCAD remains vulnerable. The pair has recently cleared key support at 1.3042,
Oct 29 low and 1.3016, Jul 19 low. Furthermore, 1.2991 has also been breached,
the 76.4% retracement of the rally between Oct - Dec 2018. These breaks
reinforce the current bearish theme with further weakness likely. Attention is
on 1.2917 next, Oct 16 low, 2018. Both momentum and MA studies are pointing
south reinforcing the bearish theme. 1.3042 is resistance.

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