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TECHS: Lack of follow-through *RES....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Lack of follow-through
*RES 3: 1.3345 High Sep 4
*RES 2: 1.3300 Psychological resistance
*RES 1: 1.3299 High Sep 16
*PRICE: 1.3247 @ 16:01 GMT Sep 17
*SUP 1: 1.3206 Low Sep 13
*SUP 2: 1.3177 Low Sep 12
*SUP 3: 1.3134 Low Sep 10 and key support
USDCAD remains volatile, clouding the technical outlook somewhat. Having rallied
to touch highs of 1.3299 Tuesday and striking the intraday bull trigger in the
process, momentum slipped, returning the pair to trade either side of 1.3250.
From a trend perspective, the recovery established last week remains intact for
now and the focus is on the potential for a return above 1.3300. A break of this
level would keep bulls in control and open 1.3345, the high of Sep 4. Near-term
support has been defined at 1.3206, Friday's low. A breach would open the key
support at 1.3134 instead, Sep 10 low.

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