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TECHS: Heavy! *RES 4: 1.3986 High.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Heavy!
*RES 4: 1.3986 High May 26
*RES 3: 1.3867 Low May 19
*RES 2: 1.3833 High May 29
*RES 1: 1.3715 Low May 29
*PRICE: 1.3535 @ 06:25 BST Jun 2
*SUP 1: 1.3500 Round number support
*SUP 2: 1.3462/60 Low Mar 9 / 200-dma
*SUP 3: 1.3380 Low Mar 3
*SUP 4: 1.3361 76.4% retracement of the Jan - Mar rally
USDCAD sold off sharply Monday confirming a resumption of the downtrend that has
been in place since Mar 19. The break lower has resulted in a move through the
61.8% retracement of the Jan - Mar rally at 1.3611, reinforcing the current
bearish sentiment. This has opened 1.3462 next, Mar 9 low and 1.2261 further
out, the 76.4% retracement. On the upside, key short-term resistance has been
defined at 1.3833, May 29 high. Heavy!

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