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TECHS: Dips Considered Corrective.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Dips Considered Corrective
*RES 4: 1.3432 High Jun 18
*RES 3: 1.3383 High Sep 3
*RES 2: 1.3331 61.8% retracement of the Jun - Dec decline
*RES 1: 1.3329 High Feb 10
*PRICE: 1.3301 @ 16:51 GMT Feb 11
*SUP 1: 1.3263/27 Low Feb 5 / Low Jan 3
*SUP 2: 1.3191 Low Jan 30
*SUP 3: 1.3155 Low Jan 28 and 29
*SUP 4: 1.3137/05 Trendline support drawn off the Jan 7 low / High Jan 9
USDCAD traded higher Monday achieving a stronger print above 1.3300 but found
some resistance Tuesday. Conditions are unchanged and the pair maintains a
bullish focus following this year's recovery. Key resistance at the Nov 20 high
of 1.3328 gave way, opening 1.3331 and 1.3383 next. Support is seen at 1.3263
and 1.3227 initially ahead of 1.3191, the Jan 30 low. A breach of the latter
would dent the current impulsive bullish theme.

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