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TECHS: Looking For Gains *RES 4:......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Looking For Gains
*RES 4: 1.4349 High Mar 31
*RES 3: 1.4265 High Apr 21 and the bull trigger
*RES 2: 1.4198 High Apr 23
*RES 1: 1.4173 Intraday high
*PRICE: 1.4122 @ 06:21 BST May 7
*SUP 1: 1.4008 Low May 5
*SUP 2: 1.3930/25 Low May 1 / 50-day EMA
*SUP 3: 1.3851 Low Apr 30 and bear trigger
*SUP 4: 1.3813 50.0% retracement of the rally between Jan 7 - Mar 19
USDCAD traded higher yesterday. A bullish theme remains in place following last
week's failure to convincingly break 1.3856, Apr 13 low. The subsequent bounce
is likely an important bullish development. Note too that the pair has managed
to find support at the 50-day EMA. Scope is seen for a climb towards key
resistance at 1.4265, Apr 21 high. A break of this level would open 1.4349, Mar
31 high. Key support has been defined at 1.3851, Apr 30 low.

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