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TECHS: Extends Gains *RES 4: 1.3298...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Extends Gains
*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
*PRICE: 1.3177 @ 17:01 GMT Jan 27
*SUP 1: 1.3139 Intraday low
*SUP 2: 1.3105 High Jan 9 and former breakout level
*SUP 3: 1.3026 Low Jan 9
*SUP 4: 1.2976 Low Jan 8
USDCAD rallied Monday. The pair is pressuring the resistance band at
1.3186/3205, the Dec 16 and 13 highs respectively. Clearance of this level would
pave the way for move towards 1.3270, the Dec 6 high and extend January's
bullish performance. First support lies at 1.3139, today's intraday low ahead of
1.3105, the Jan 9 high and former breakout levels. A break below the latter
level is needed to threaten the current rally.

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