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

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: 1.4076 @ 10:41 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, Apr 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.