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TECHS: Downside Extends *RES 4:.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Downside Extends
*RES 4: 1.3240 High Dec 11
*RES 3: 1.3205 High Dec 13
*RES 2: 1.3181 High Dec 20 and initial key resistance
*RES 1: 1.3125 High Dec 27
*PRICE: 1.3076 @ 06:29 GMT Dec 30
*SUP 1: 1.3064 Low Dec 27 and intraday low
*SUP 2: 1.3042 Low Oct 29 and key support
*SUP 3: 1.3016 Low Jul 19
*SUP 4: 1.2970 Low Oct 24, 2018
USDCAD remains under pressure. The pair has cleared former support at 1.3103 to
confirm a resumption of this month's sell-off. This paves the way for a move
towards 1.3042, the Oct 29 low and the next key support. Both momentum and
moving average studies are pointing south reinforcing the current bearish theme.
Firm resistance has been defined at 1.3181, Dec 20 high. A break of this level
is required to ease the bearish threat.

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