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TECHS: Edges Higher *RES 4: 1.3298....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Edges Higher
*RES 4: 1.3298 High High Dec 4
*RES 3: 1.3270 High Dec 6
*RES 2: 1.3239 76.4% retracement of the Nov 20 - Dec 31 decline
*RES 1: 1.3205 High Dec 13 and Intraday high
*PRICE: 1.3199 @ 10:37 GMT Jan 28
*SUP 1: 1.3139 Low Jan 27
*SUP 2: 1.3105 High Jan 9 and former breakout level
*SUP 3: 1.3065 Trendline support drawn off the Jan 7 low
*SUP 4: 1.3026 Low Jan 9
USDCAD edges higher with the pressuring the resistance band at 1.3186/3205, the
Dec 16 and 13 highs respectively. A clear breach through this zone would open
1.3270, the Dec 6 high and extend January's bullish performance. First support
lies at 1.3139, yesterday's low ahead of 1.3105, the Jan 9 high and former
breakout level. A break below the latter is required to threaten the current
bullish theme.

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