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TECHS: Eroding resistance: *RES 4:....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Eroding resistance:
*RES 4: 1.3452 High Jun 4
*RES 3: 1.3432/35 High Jun 18 / 76.4% retracement of the May 31 - Jul 19 decline
*RES 2: 1.3432 High Jun 18
*RES 1: 1.3361 High Sep 2 and intraday bull trigger
*PRICE: 1.3354 @ 08:34 GMT Sep 3
*SUP 1: 1.3248 Low Aug 30
*SUP 2: 1.3225 Low Aug 27 and key support
*SUP 3: 1.3211 Low Aug 14
*SUP 4: 1.3185 Low Aug 13
USD/CAD finally begins to show some (bullish) life as it attempts to erode
resistance at 1.3346, the Aug 20 high and 1.3355, the 61.8% retracement of the
May 31 - Jul 19 decline. Yesterday's high print of 1.3361 marks an important
intraday bull trigger. A break will signal scope for further gains and open
1.3432, allowing for an extension of the uptrend in place since Jul 19. Momentum
studies are bullish. On the downside, support is at 1.3248 and 1.3225.

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