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TECHS: Fresh Cycle Highs *RES 4:......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Fresh Cycle Highs
*RES 4: 1.4477 3.382projection of Dec 31 - Feb 10 rally from Feb 21 low
*RES 3: 1.4422 3.236 projection of Dec 31 - Feb 10 rally from Feb 21 low
*RES 2: 1.4377 3.0% Upper Bollinger Band
*RES 1: 1.4344 Intraday high
*PRICE: 1.4312 @10:06 GMT Mar 18
*SUP 1: 1.3961 Low Mar 17
*SUP 2: 1.3734 Low Mar 16
*SUP 3: 1.3708 Low Mar 12 and key near-term support
*SUP 4: 1.3609 Low Mar 10
USDCAD bulls remain in charge with the pair registering fresh cycle high's again
this morning. This keeps the outlook resolutely bullish. A series of Fibonacci
projections gave way Tuesday, opening levels not seen since early 2016, with the
target now shifting to 1.4690. Daily conditions are overbought though but not
having an impact on the trend for now. Firm support is seen at 1.3734, Mar 16
low and 1.3708, low Mar 12. Initial support though is at 1.3961.

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