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

DOLLAR-CANADA: TECHS: Looking For Gains

*RES 4: 1.4265 High Apr 21 and the bull trigger

*RES 3: 1.4198 High Apr 23

*RES 2: 1.4173 High May 7 and key near-term resistance

*RES 1: 1.4141 High May 14

*PRICE: 1.4042 @ 05:56 BST May 15

*SUP 1: 1.4007 Low May 13

*SUP 2: 1.3900 Low May 11

*SUP 3: 1.3851 Low Apr 30 and bear trigger

*SUP 4: 1.3812 50.0% retracement of the rally between Jan 7 - Mar 19

USDCAD traded higher again Thursday but did stall at the day high. The pair is

displaying a bullish tone, but a break of resistance at 1.4173, May 7 high is

required to fully reinforce bullish conditions. Note that a breach of this level

would also confirm a break of 38.2% of the Mar 19 - Apr 30 sell-off, at 1.4163.

This would open 1.4265. On the downside, firm support lies at 1.3900, May 11 low

and 1.3851, Apr 30 low. A break of the latter would be bearish.