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DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Eyeing Key Resistance
*RES 4: 1.3432 Jun 18 high
*RES 3: 1.3383 High Sep 3
*RES 2: 1.3331 61.8% retracement of the Jun - Dec decline
*RES 1: 1.3329 High Feb 10 and key resistance
*PRICE: 1.3320 @ 17:06 GMT Feb 26
*SUP 1: 1.3235 Low Feb 24
*SUP 2: 1.3216/02 Trendline support drawn off the Jan 7 low / Low Feb 21
*SUP 3: 1.3191 Low Jan 30
*SUP 4: 1.3155 Low Jan 28 and 29
USDCAD is positive following Monday's gains that resulted in a breach of 1.3279
resistance, Feb 18 high. Last week, the 200-dma provided a decent level of
support. Furthermore, the pair also held above a trendline support drawn off the
Jan 7 low. The trendline intersects at 1.3216 today. This reinforces last week's
low of 1.3202 as a key support. While it holds, look for the pair to extend
recent gains with attention on 1.3329, the Feb 10 high. Bullish!

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