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TECHS: Extension Higher Likely *RES...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Extension Higher Likely
*RES 4: 1.3300 High Oct 11
*RES 3: 1.3240 High Oct 15
*RES 2: 1.3212 High Oct 17
*RES 1: 1.3204/08 100-DMA / High Oct 30
*PRICE: 1.3163 @ 10:16 GMT Nov 1
*SUP 1: 1.3075 Low Oct 30
*SUP 2: 1.3042 Low Oct 29 and initial key support
*SUP 3: 1.3016 Low Jul 19 and major support
*SUP 4: 1.2991 76.4% retracement Oct 2018 - Jan 2019 Rally
USDCAD maintains a bullish outlook following Wednesday's rally. The move
reinforced the significance of Tuesday's candle pattern, a bullish engulfing
reversal. This highlighted a potential base at Tuesday low of 1.3042 and is
significant given the reversal occurred ahead of the primary support at 1.3016,
Jul 19 low. Key short-term resistance is at 1.3208, Oct 30 where a break would
extend the bounce and open 1.3240. Support lies at 1.3075.

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