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DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Downside Exposed
*RES 4: 1.3270 High Dec 6
*RES 3: 1.3240 High Dec 11
*RES 2: 1.3205 High Dec 13 and initial key resistance
*RES 1: 1.3186 High Dec 16
*PRICE: 1.3118 @ 10:43 GMT Dec 19
*SUP 1: 1.3103 Low Dec 18
*SUP 2: 1.3075 Low Oct 30
*SUP 3: 1.3042 Low Oct 29 and key support
*SUP 4: 1.3016 Low Jul 19
USDCAD extended the December decline yesterday trading below 1.3115, Dec 16 low.
This follows Monday's failure to hold above the 61.8% retracement of the Oct 29
- Nov 20 rally, at 1.3151 leaving the downside exposed. The break lower paves
the way for weakness through 1.3100. A breach of this support would open 1.3075
and 1.3042. The latter is the Oct 29 low. Resistance is seen at 1.3186 initially
ahead of 1.3205.

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