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TECHS: Monitoring The Doji Candle.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Monitoring The Doji Candle
*RES 4: 1.3300 High Oct 11
*RES 3: 1.3240 High Oct 15
*RES 2: 1.3212 High Oct 17
*RES 1: 1.3146 High Oct 18 and key near-term resistance
*PRICE: 1.3064 @ 15:54 GMT Oct 25
*SUP 1: 1.3053 Low Oct 24
*SUP 2: 1.3041 Low Jul 22
*SUP 3: 1.3016 Low Jul 19 and major support
*SUP 4: 1.2991 76.4% October 2018 - January 2019 Rally
USDCAD remains soft. The recent breach of support at 1.3134, Sep 10 low weighs
on sentiment. With momentum also in a downward spiral, further weakness is
likely near-term and attention is on key support at 1.3016, Jul 19 low. On the
upside, firm short-term resistance is at 1.3146. Note, yesterday's candle
pattern is a doji. This signals some indecision amongst traders and is a
potential basing signal. We will monitor this pattern.

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