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

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: 1.2970 @ 16:38 GMT Jan 6

*SUP 1: 1.2952 Low Dec 31 and bear trigger

*SUP 2: 1.2917 Low Oct 16

*SUP 3: 1.2857 Low Oct 4, 2018

*SUP 4: 1.2783 Low Oct 1, 2018

USDCAD is consolidating but remains vulnerable. This follows the recent strong

sell-off that resulted in the clearance of 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. On the upside, 1.3042 is resistance.