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TECHS: Finds Support *RES 4: 1.3738...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Finds Support
*RES 4: 1.3738 50-day EMA
*RES 3: 1.3715 Low May 29
*RES 2: 1.3686 High Jun 15 and intraday bull trigger
*RES 1: 1.3630 High Jun 22
*PRICE: 1.3567 @ 10:54 BST Jun 24
*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
*SUP 4: 1.3267 Low Feb 25
USDCAD traded lower yesterday but did find support. The recent move off 1.3316,
Jun 10 low continues to highlight a bullish backdrop. The candle pattern on Jun
10 was a doji, suggesting a potential base at 1.3316. This was reinforced on Jun
11 with a second candle pattern, a bullish engulfing. If correct, these patterns
highlight a trend reversal suggesting further gains are likely near-term.
Initial key support is at 1.3398, Jun 11 low.

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