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*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: 1.4059 @ 10:39 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.

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