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TECHS: Displaying A Bullish Tone......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Displaying A Bullish Tone
*RES 4: 1.4265 High Apr 21 and the bull trigger
*RES 3: 1.4198 High Apr 23
*RES 2: 1.4173 High May 7 and key near-term resistance
*RES 1: 1.4141 High May 14
*PRICE: 1.4080 @ 05:50 BST May 18
*SUP 1: 1.4007 Low May 13
*SUP 2: 1.3900 Low May 11
*SUP 3: 1.3851 Low Apr 30 and bear trigger
*SUP 4: 1.3812 50.0% retracement of the rally between Jan 7 - Mar 19
USDCAD continues to display a bullish tone but a break of resistance at 1.4173,
May 7 high is still required to fully reinforce bullish conditions. Note, a
breach of this level would also confirm a break of 38.2% of the Mar 19 - Apr 30
sell-off, at 1.4163 reinforcing a bullish theme. This would open 1.4265, Ar 21
high. Firm support lies at 1.3900, May 11 low and 1.3851, Apr 30 low. A break of
the latter would be bearish.

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