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TECHS: Focus Is On 1.3208.............>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Focus Is On 1.3208 Resistance
*RES 4: 1.3300 High Oct 11
*RES 3: 1.3240 High Oct 15
*RES 2: 1.3212 High Oct 17
*RES 1: 1.3208 High Oct 30 and bull trigger
*PRICE: 1.3179 @ 18:44 GMT Nov 7
*SUP 1: 1.3115 Low Nov 5
*SUP 2: 1.3075 Low Oct 30
*SUP 3: 1.3042 Low Oct 29 and initial key support
*SUP 4: 1.3016 Low Jul 19 and major support
USDCAD recovered off Tuesday's low of 1.3115 earlier this week however today the
pair has been somewhat directionless. The outlook remains bullish. This follows
last weeks reversal at the Oct 29 low of 1.3042. The reversal is significant
given it occurred ahead of the primary support at 1.3016, Jul 19 low. The key
short-term resistance and bull trigger is 1.3208, Oct 30 high. A break would
open 1.3240. On the downside, initial support has been defined at 1.3115.

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