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TECHS: Consolidating But Still........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Consolidating But Still Bullish
*RES 4: 1.3738 50-day EMA
*RES 3: 1.3715 Low May 29
*RES 2: 1.3686 High Jun 15 and intraday bull trigger
*RES 1: 1.3630 High Jun 22
*PRICE: 1.3539 @ 06:13 BST Jun 23
*SUP 1: 1.3501 Intraday low
*SUP 2: 1.3398 Low Jun 11 and key near-term support
*SUP 3: 1.3316 Low Jun 10 and bear trigger
*SUP 4: 1.3267 Low Feb 25
USDCAD is consolidating. The recent bounce off 1.3316, Jun 10 low continues to
highlight a bullish backdrop. The candle pattern on Jun 10 was a doji,
suggesting a potential base at 1.3316. This was reinforced on Jun 11 with a
second candle pattern, a bullish engulfing reversal. If correct, these patterns
highlight a trend reversal suggesting further gains are likely near-term.
Initial key support lies at 1.3398, Jun 11 low.

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