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TECHS: Oil tied CAD: *RES 4: 1.3355...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Oil tied CAD:
*RES 4: 1.3355 61.8% retracement of the May 31-Jul 19 decline
*RES 3: 1.3313 Cloud top
*RES 2: 1.3304/08 200-dma/100-dma
*RES 1: 1.3286 High Jun 20
*PRICE: 1.3197 @ 09:03 GMT Aug 06
*SUP 1: 1.3178 Low Aug 05
*SUP 2: 1.3119/06 200-wma/Low Jul 31
*SUP 3: 1.3016/15 Low Jul 19/Low Oct 25, 2018
*SUP 4: 1.3000 Round number support
USDCAD failed to build above 1.3220, before dipping back under 1.32 on firmer
oil prices. Yesterday's rejection of 1.3250 is a concern for bulls, putting the
focus back on the 200-wma & Jul 31 low at 1.3119/06. A break opens the Jul 19
ytd low at 1.3016, ahead of round number support at 1.30. Clustered resistance
is noted into the June 20 high, with a break above the 200 & 100-dma's at
1.3304/08 needed to reignite upside momentum.

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