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TECHS: Downside to extend: *RES 4:....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Downside to extend:
*RES 4: 1.3432 High Jun 18
*RES 3: 1.3383 High Sep 3 and key resistance
*RES 2: 1.3345 High Sep 4
*RES 1: 1.3246 High Sep 5
*PRICE: 1.3164 @ 08:33 BST Sep 9
*SUP 1: 1.3158 Low Sep 6
*SUP 2: 1.3156 61.8% retracement of the Jul 19 - Sep 3 rally
*SUP 3: 1.3140 1.0% 10-dma envelope
*SUP 4: 1.3103 76.4% retracement of the Jul 19 - Sep 3 rally
Friday's USDCAD move lower keeps the bearish undertones for the pair intact.
This follows Wednesday's solid bearish candle that highlighted the reversal in
sentiment last week. Price action is trading just ahead of the 1.3156 key
Fibonacci retracement where a break would signal scope for a deeper decline and
open the 1.0% 10-dma envelope at 1.3140 plus the 1.3108, 76.4% retracement
level. On the upside, 1.3246 marks resistance.

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