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TECHS: One Way Traffic *RES 4:........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: One Way Traffic
*RES 4: 1.3383 High Sep 3
*RES 3: 1.3331 61.8% June - Dec decline
*RES 2: 1.3328 High Nov 20 and key resistance
*RES 1: 1.3304 Intraday high
*PRICE: 1.3244 @ 16:50 GMT Feb 3
*SUP 1: 1.3191 Low Jan 30
*SUP 2: 1.3155 Low Jan 28 and 29
*SUP 3: 1.3105 High Jan 9 and former breakout level
*SUP 4: 1.3093 Trendline support drawn off the Jan 7 low
Multi-year lows for both WTI and Brent crude oil were a very firm headwind for
CAD Monday, prompting the pair to break convincingly above the 1.33 level and
set sights on key resistance at the Nov 20 high. Support is seen at 1.3191
initially ahead of 1.3155, the Jan 28 and 29 low. A break of the latter would
threaten the bullish theme and expose trendline support at 1.3093.

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