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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: 1.4077 @ 10:44 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 is lower this morning. Despite this, 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 would open 1.4349, Mar 31
high. Key support has been defined at 1.3851, Apr 30 low.

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