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TECHS: Holds below 1.3345: *RES 4:....>

DOLLAR-CANADA: TECHS: Holds below 1.3345:
*RES 4: 1.3435 76.4% retracement of the May 31-Jul 19 decline
*RES 3: 1.3432 High Jun 18
*RES 2: 1.3355 61.8% retracement of the May 31-Jul 19 decline
*RES 1: 1.3302/08 Cloud top & 100-dma/200-dma
*PRICE: 1.3225 @ 05:11 GMT Aug 14
*SUP 1: 1.3178 Low Aug 5
*SUP 2: 1.3145 61.8% retracement of the Jul 19-Aug 7 rally
*SUP 3: 1.3123/20 50-mma/200-wma
*SUP 4: 1.3106 Low Jul 31
USDCAD is comfortably holding below the Aug 7 high of 1.3345. This key level
marked a rejection of the 100 & 200-dma's last week and was further cemented by
Wednesday's bearish shooting star candle pattern and a bearish engulfing the
following day. The focus is on the Aug 5 low at 1.3178 and 1.3106, the Jul 31
low. Clearance of this latter level would open the ytd low at 1.3016. A break
above 1.3345 negates the current bearish signals.

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