TECHS: Downtrend remains intact:......>

DOLLAR-CANADA: TECHS: Downtrend remains intact:

*RES 4: 1.3226 Low Jun 10

*RES 3: 1.3196 High Jun 26

*RES 2: 1.3144/45 High Jul 10 / High Jul 1 and key resistance

*RES 1: 1.3094 Intraday high

*PRICE: 1.3071 @ 05:14 GMT Jul 17

*SUP 1: 1.3018 Low Jul 12 and YTD low

*SUP 2: 1.3015 Low Oct 25 2018

*SUP 3: 1.3000 Psychological round number

*SUP 4: 1.2990 100-wma

USDCAD was firmer yesterday in line with a broadly firmer USD. The rejection off

the key 1.3145 area on Jul 10 witnessed a sharp retracement, resulting in a move

to fresh ytd lows of 1.3018 on Jul 12. This is still significant for bears and

paves the way for an extension lower towards the psychological 1.3000 level. A

break here would expose the 100-wma at 1.2990. As long as resistance at the

recent highs of 1.3144/45 hold, the outlook in USDCAD is bearish.