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TECHS: Found Bottom? *RES 4: 1.3181...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Found Bottom?
*RES 4: 1.3181 High Dec 20 and key resistance
*RES 3: 1.3103 Low Dec 18
*RES 2: 1.3070 High Dec 31
*RES 1: 1.3044 High Jan 8
*PRICE: 1.3024 @ 17:11 GMT Jan 8
*SUP 1: 1.2952 Low Dec 31 and bear trigger
*SUP 2: 1.2917 Low Oct 16
*SUP 3: 1.2857 Low Oct 4, 2018
*SUP 4: 1.2783 Low Oct 1, 2018
USDCAD broke higher again Tuesday, taking out key near-term resistance at 1.3042
to add to the argument that the pair bottomed out at 1.2952. A close above
1.3042 would open a recovery toward the 1.31 handle and the 50-dma at 1.3176. A
return below Wednesday's 1.2976 would be troubling, signalling scope for a move
towards 1.2917 next, Oct 16 low, 2018.

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