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

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Downside Extension
*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 Intraday high
*PRICE: 1.3081 @ 16:37 GMT Dec 27
*SUP 1: 1.3075 Low Oct 30
*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 is under pressure once again. The recent bounce stalled at 1.3181 on Dec
20 and the subsequent sell-off has resulted in support being pressured once
again this morning. The pair has cleared 1.3103 to confirm a resumption of this
month's sell-off. This paves the way for a move towards 1.3075 and 1.3042. The
latter is the Oct 29 low and also the next key support. Firm resistance has been
defined at 1.3181. Initial resistance is at 1.3125.

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