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DOLLAR-CANADA: TECHS: Impulsive Rally Extends
*RES 4: 1.3409 1.00 projection of Jul 19 - Sep 3 rally from Oct 29 low
*RES 3: 1.3383 Sep 3 high and key resistance
*RES 2: 1.3348 High Oct 3
*RES 1: 1.3315 Intraday high
*PRICE: 1.3314 @ 10:38 GMT Nov 20
*SUP 1: 1.3263 Intraday low
*SUP 2: 1.3191 Low Nov 19
*SUP 3: 1.3172 Low Nov 8
*SUP 4: 1.3115 Low Nov 5 and key near-term support
USDCAD rallied yesterday following a brief visit below 1.3200 and has maintained
the momentum today. The sharp recovery has resulted in a break above last weeks
high of 1.3271. This negates the recent bearish concern that developed late last
week and has instead reinstated the recovery that started Oct 29. Initial
support has been defined at today's 1.3263 low. With 1.3300 cleared this
morning, the focus turns to 1.3348, Oct 3 high next.