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TECHS: Holding Onto Friday's gains....>

DOLLAR-CANADA: TECHS: Holding Onto Friday's gains
*RES 4: 1.3348 High Oct 3
*RES 3: 1.3328 High Nov 20 and initial key resistance
*RES 2: 1.3298 High Dec 4
*RES 1: 1.3270 High Dec 6
*PRICE: 1.3259 @ 10:28 GMT Dec 9
*SUP 1: 1.3172 Low Dec 6
*SUP 2: 1.3159/51 Low Dec 5 / 61.8% of the Oct 29 to Nov 20 rally
*SUP 3: 1.3109 76.4% retracement of the Oct 29 - Nov 20 rally
*SUP 4: 1.3075 Low Oct 30
USDCAD rallied sharply Friday and is holding onto recent gains. Friday's bounce
means the 61.8% retracement of the Oct 29 to Nov 20 rally at 1.3151 has remained
intact and is a bullish technical development. If the USD is able to maintain a
bid tone, potential would be seen for an extension higher towards 1.3300. To
negate last week's early sell-off though, a break of 1.3328, Nov 20 high is
required. Key support is at 1.3159.

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