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DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Off Last Weeks High
*RES 3: 1.3500 Round number resistance
*RES 2: 1.3465 High Feb 28 and near-term top?
*RES 1: 1.3441 Intraday high
*PRICE: 1.3338 @ 17:21 GMT Mar 2
*SUP 1: 1.3315 Intraday low
*SUP 2: 1.3267 Low Feb 25
*SUP 3: 1.3237 Trendline support drawn off the Jan 7 low
USDCAD traded sharply lower Monday and is for now extending the pullback off
Friday's high of 1.3465. Whether a reversal is unfolding is too early to tell
though. Attention shifts to support at 1.3317 which was probed earlier. A clear
break would open 1.3267, Feb 25 low ahead of the key trendline support at
1.3237. The trendline is drawn off the Jan 7 low. A breach of the trendline
would be bearish. On the upside, key resistance and the bull trigger is at
1.3465.

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