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TECHS: Defies Gravity *RES 4:.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Defies Gravity
*RES 4: 1.3565 High May 31 and key resistance
*RES 3: 1.3535 High Jun 3
*RES 2: 1.3500 Round number resistance
*RES 1: 1.3457 Intraday high
*PRICE: 1.3446 @10:48 GMT Feb 28
*SUP 1: 1.3378 Intraday low
*SUP 2: 1.3317 Low Feb 27
*SUP 3: 1.3267 Low Feb 25
*SUP 4: 1.3230 Trendline support drawn off the Jan 7 low
USDCAD retains a bullish tone trading higher this week in an accelerated manner.
The pair has breached the former key resistance at 1.3383, the Sep 3 high and
given the backdrop of this week's move and current market conditions, looks set
to extend gains near-term. The focus shifts to the 1.3500 handle ahead of the
next key resistance level at 1.3565, the May 31 high from last year. On the
downside, initial support lies at today's intraday low of 1.3378.

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