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TECHS: Focus Is On Bullish Reversal...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Focus Is On Bullish Reversal
*RES 4: 1.3833 High May 29
*RES 3: 1.3784 50-day EMA
*RES 2: 1.3715 Low May 29
*RES 1: 1.3686 High Jun 15
*PRICE: 1.3560 @ 10:48 BST Jun 16
*SUP 1: 1.3398 Low Jun 11
*SUP 2: 1.3316 Low Jun 10 and bear trigger
*SUP 3: 1.3267 Low Feb 25
*SUP 4: 1.3202 Low Feb 21
After a sharp bounce Jun 11, USDCAD cleared resistance at 1.3585, Jun 2 high.
The candle pattern on Jun 10 was a doji, suggesting a base may have been
established at the recent low of 1.3316. This was reinforced last Thursday with
a second candle pattern, a bullish engulfing reversal. If correct, the patterns
highlight a trend reversal suggesting further gains are likely near-term. Key
support is at 1.3316, Jun 10 low.

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