TECHS: Holding Above Support *RES.....>

DOLLAR-CANADA: TECHS: Holding Above Support

*RES 4: 1.4198 High Apr 23

*RES 3: 1.4173 High May 7 and key near-term resistance

*RES 2: 1.4141 High May 14

*RES 1: 1.4048 High May 25

*PRICE: 1.3989 @ 06:16 BST May 25

*SUP 1: 1.3867 Low May 19

*SUP 2: 1.3851 Low Apr 30 and bear trigger

*SUP 3: 1.3812 50.0% retracement of the rally between Jan 7 - Mar 19

*SUP 4: 1.3734 Low Mar 16

USDCAD is retracing some of its recent losses. The move lower earlier last week

follows a failure to challenge 1.4173, May 7 high. A break of this resistance is

still required to reinforce bullish conditions. A breach would confirm a break

of 38.2% of the Mar 19 - Apr 30 sell-off, at 1.4163 and open 1.4265, Apr 21

high. Firm support is at 1.3867, May 19 low and 1.3851, Apr 30 low. Clearance of

the latter would be bearish.