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TECHS: Outlook deteriorates: *RES.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Outlook deteriorates:
*RES 4: 1.3432/35 High Jun 18 / 76.4% retracement of the May 31 - Jul 19 decline
*RES 3: 1.3432 High Jun 18
*RES 2: 1.3383 High Sep 3 and key resistance
*RES 1: 1.3345 High Sep 4
*PRICE: 1.3202 @ 08:48 GMT Sep 6
*SUP 1: 1.3192 Low Sep 5
*SUP 2: 1.3185 Low Aug 13
*SUP 3: 1.3156 61.8% retracement of the Jul 19 - Sep 3 rally
*SUP 4: 1.3152 1.0% 10-dma envelope
A late-in-the-day rally for USD/CAD wasn't enough to shift the outlook more
positive Thursday, This keeps the bearish undertones for the pair intact, with
Wednesday's solid bearish candle highlighting the reversal in sentiment that has
occurred this week. Attention shifts to support at 1.3185, the low of Aug 13. A
break would expose a deeper decline and open the 1.3152 Fibonacci retracement
initially. Key resistance has been defined at 1.3383.

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