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TECHS: Consolidating gains: *RES 4:...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Consolidating gains:
*RES 4: 1.3267/86 55-dma / High Jun 20
*RES 3: 1.3226 Low Jun 10
*RES 2: 1.3196 High Jun 26
*RES 1: 1.3164 High Jul 23
*PRICE: 1.3131 @ 08:53 GMT Jul 25
*SUP 1: 1.3082 200-hma
*SUP 2: 1.3016/15 Low Jul 19 / Low Oct 25 2018
*SUP 3: 1.3000 Psychological round number
*SUP 4: 1.2990 100-wma / 76.4% of the rally between Oct 1-Dec 31, 2018
USDCAD maintains a bullish tone following this weeks break above 1.3144/45. A
clean break, marked by an extension higher would fuel potential for a stronger
corrective bounce, opening 1.3196 and 1.3226 as initial objectives. Momentum is
firmer reinforcing the current developing bullish theme. A failure to hold onto
gains would likely see bears return focus to the 200-hma at 1.3082, ahead of
recent ytd lows at 1.3016.

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