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DOLLAR-CANADA: TECHS: Looks Happier Above the 200-dma:
*RES 3: 1.3432 High Jun 18
*RES 2: 1.3383 High Sep 3 and key resistance
*RES 1: 1.3348 High Oct 3
*PRICE: 1.3333 @ 16:34 GMT Oct 8
*SUP 1: 1.3266 50% of the Oct 2 range
*SUP 2: 1.3206 Low Sep 13 and Oct 2 / Key near-term support
*SUP 3: 1.3177 Low Sep 12
Despite the bearish moves Friday/Monday, USDCAD bounced modestly Tuesday,
proving the 200-dma remains decent support for now. The outlook remains bullish
following last weeks move higher on Oct 2 that saw of host of key resistance
levels cleared. This marked a bullish breakout that appears still to have the
legs for an extension higher. Support at 1.3206, Sep 13 and Oct 2 low also held
last week reinforcing the current bullish theme. Attention is on 1.3383, Sep 3
high where a break would confirm a resumption of the broader uptrend. Key
support is 1.3206.