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TECHS: Key Supports Cleared *RES 4:...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Key Supports Cleared
*RES 4: 1.4173 High May 7
*RES 3: 1.4141 High May 14
*RES 2: 1.4048 High May 25 and key near-term resistance
*RES 1: 1.3986 High May 26
*PRICE: 1.3781 @ 06:08 BST May 27
*SUP 1: 1.3757 Low May 26
*SUP 2: 1.3734 Low Mar 16
*SUP 3: 1.3682 Low Mar 11
*SUP 4: 1.3611 61.8% retracement of the rally between Jan 7 - Mar 19
USDCAD bulls gave back further ground Tuesday as the USD in general remained
under pressure. The pair has traded below the former key support at 1.3851, Apr
29 low to signal a resumption of the retracement that started on Mar 19 off
1.4668. Tuesday's price action also cleared the 50-day EMA at 1.3953,
reinforcing the developing bearish theme. The focus turns to 1.3734, the Mar 16
low and 1.3611 further out, a retracement level. 1.4048 is firm resistance.

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