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TECHS: Extends Recovery *RES 3:.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Extends Recovery
*RES 3: 1.3727 50-day EMA
*RES 2: 1.3715 Low May 29
*RES 1: 1.3686 High Jun 15 and intraday bull trigger
*PRICE: 1.3667 @ 16:43 BST Jun 25
*SUP 1: 1.3486 Low Jun 23
*SUP 2: 1.3398 Low Jun 11 and key near-term support
*SUP 3: 1.3316 Low Jun 10 and bear trigger
Having based at 1.3486 on Tuesday, USDCAD extended gains Thursday, firming the
bullish outlook. The recent move off 1.3316, Jun 10 low continues to highlight a
bullish backdrop. The candle pattern on Jun 10 was a doji and on Jun 11, a
bullish engulfing reversal. Both highlight a potential base at 1.3316.
Furthermore, the consolidation since Jun 12 displays the lack of bearish
pressure. The next bull trigger is 1.3686, Jun 15 high. Key support is at
1.3398, Jun 11 low.

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