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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: 1.3141 @ 16:54 BST Sep 9
*SUP 1: 1.3129 1.0% 10-dma envelope
*SUP 3: 1.3120 3^ Lower Bollinger Band
*SUP 4: 1.3103 76.4% retracement of the Jul 19 - Sep 3 rally
*SUP 4: 1.3016 Low Jul 16
The bearish signals showing on Friday fed through well into the Monday session,
with the pair carrying through its bearish move. This follows last week's solid
bearish candle that highlighted the reversal in sentiment last week. The break
of 1.3156 key Fibonacci retracement signals scope for a deeper decline and open
the 1.0% 10-dma envelope at 1.3129 plus the 1.3108, 76.4% retracement level. On
the upside, 1.3246 marks resistance.

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