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TECHS: Found a Near-term Top? *RES....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Found a Near-term Top?
*RES 4: 1.3565 High May 31 and key resistance
*RES 3: 1.3535 High Jun 3
*RES 2: 1.3500 Round number resistance
*RES 1: 1.3465 High Feb 28 and near-term top?
*PRICE: 1.3410 @ 17:14 GMT Feb 28
*SUP 1: 1.3378 Intraday low
*SUP 2: 1.3317 Low Feb 27
*SUP 3: 1.3267 Low Feb 25
*SUP 4: 1.3230 Trendline support drawn off the Jan 7 low
The bullish tone firmed further Friday, resulting in USDCAD a print up at
1.3465, but markets were quick to pull lower from there. Bulls will need to test
this mark next week to confirm whether a near-term top has been formed and
momentum to carry the move higher has now ebbed away. Nonetheless, focus remains
on the 1.3500 handle ahead of the next key resistance level at 1.3565, the May
31 high from last year.

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