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TECHS: Keeping pressure on range......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Keeping pressure on range top :
*RES 4: 1.3452 High Jun 4
*RES 3: 1.3432/35 High Jun 18 / 76.4% retracement of the May 31 - Jul 19 decline
*RES 2: 1.3432 High Jun 18
*RES 1: 1.3346/55 High Aug 20 / 61.8% retracement of the May 31 - Jul 19 decline
*PRICE: 1.3320 @ 16:44 GMT Aug 23
*SUP 1: 1.3251 Low Aug 19
*SUP 2: 1.3185 Low Aug 13
*SUP 3: 1.3178 Low Aug 5
*SUP 4: 1.3106 Low Jul 31
USDCAD has seen volatile trading activity within recent trading range. However,
focus being kept on the upper end of the range where resistance at 1.3345 high
continues to be tested. 61.8% retracement of the May31 - Jul19 decline is also
at 1.3355. A move above here would reinforce a bullish theme and open 1.3432,
allowing for an extension of the uptrend that has been in place since Jul 19.
Initial support lies at 1.3251, Monday's low and an important short-term level.

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