TECHS: Focus Is On 1.3686 Bull........>

DOLLAR-CANADA: TECHS: Focus Is On 1.3686 Bull Trigger

*RES 4: 1.3802 High Jun 1

*RES 3: 1.3723 50-day EMA

*RES 2: 1.3715 Low May 29

*RES 1: 1.3686 High Jun 15 and intraday bull trigger

*PRICE: 1.3636 @ 06:29 BST Jun 26

*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

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 is seen as a bullish structure. The

next bull trigger is 1.3686, Jun 15 high. Key support is at 1.3398, Jun 11 low.