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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: 1.3321 Intraday high
*PRICE: 1.3312 @ 16:57 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 extended the recent rally Wednesday following a brief visit below 1.3200
late Tuesday. 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.