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

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.