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TECHS: Off Recent Highs: *RES 4:......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Off Recent Highs:
*RES 4: 1.3501 1.00 projection of Jul 19 - Sep 3 rally from Sep 10 low
*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: 1.3273 @ 08:23 GMT Oct 11
*SUP 1: 1.3269 Low Oct 10
*SUP 2: 1.3206 Low Sep 13 and Oct 2 / Key near-term support
*SUP 3: 1.3177 Low Sep 12
*SUP 4: 1.3134 Low Sep 10 and major support
After trading well for much of the week, USDCAD cracked the recent bull flag
formation and traded below the 200-dma support in the process yesterday. This
shifts the immediate focus to downside targets at the 50-dma and 100-dma at
1.3267 and 1.3245 respectively. A deeper pullback would open the 1.3206 low from
Oct 2. Resistance has been defined at 1.3348, Oct 3 high. A break would instead
signal a bullish resumption and expose 1.3383 again, Sep 3 high.

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