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TECHS: Outlook Remains Bullish *RES...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Outlook Remains Bullish
*RES 4: 1.3383 High Sep and key resistance
*RES 3: 1.3348 High Oct 3
*RES 2: 1.3300 High Oct 11
*RES 1: 1.3258 Intraday high
*PRICE: 1.3229@ 18:27 GMT Nov 12
*SUP 1: 1.3172 Low Nov 8
*SUP 2: 1.3115 Low Nov 5 and key near-term support
*SUP 3: 1.3075 Low Oct 30
*SUP 4: 1.3042 Low Oct 29 and initial key support
USDCAD pushed higher Tuesday but failed to hold onto the high. Despite this, the
outlook remains bullish. This follows last weeks rally off 1.3115, Nov 5 low
that maintains the broader move higher off the Oct 29 low of 1.3042. The
reversal off 1.3042 was significant given it occurred ahead of the support at
1.3016, Jul 19 low. The former key S/T resistance and bull trigger of 1.3208,
Oct 30 high has been cleared, attention is on 1.3300. Support is at 1.3172.

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