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TECHS: Key resistance at 1.3345:......>

DOLLAR-CANADA: TECHS: Key resistance at 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: 1.3302/03/07 Cloud top/100-dma/200-dma
*PRICE: 1.3246 @ 04:54 GMT Aug 13
*SUP 1: 1.3207/3196 Trendline support drawn off the Jul 19 low / Low Aug 9
*SUP 2: 1.3178 Low Aug 5
*SUP 3: 1.3122/20 50-mma/200-wma
*SUP 4: 1.3106 Low Jul 31
USDCAD continues to trade below Aug7 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 bearish engulfing reversal
the following day. Downside focus remains 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.
Note S/T trendline support drawn off the Jul 19 low intersects at 1.3207.

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