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TECHS: Off Recent Highs But Still.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Off Recent Highs But Still Bullish
*RES 4: 1.3867 1.764 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 3: 1.3812 1.618 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 2: 1.3767 1.50 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 1: 1.3766 High Mar 9
*PRICE: 1.3668 @ 09:45 GMT Mar 10
*SUP 1: 1.3579 61.8% retracement of today's range
*SUP 2: 1.3462 Intraday low
*SUP 3: 1.3380 Low Mar 6
*SUP 4: 1.3315 Low Mar 2
Volatile price action Monday saw USDCAD trade to a high 1.3766 before finding
resistance. The sharp move higher highlights the continued existence of a bull
trend and marks an extension of the recovery that has been in place since early
January. Note that yesterday's gains probed a major resistance at 1.3665, Dec
31, 2018 high. This marks an important bullish break. Initial support is at
1.3579, a retest of yesterday's 1.3766 high is likely.

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