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TECHS: Path Of Least Resistance.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Path Of Least Resistance Still Down
*RES 4: 1.3833 High May 29 and key near-term resistance
*RES 3: 1.3715 Low May 29
*RES 2: 1.3585 High Jun 2
*RES 1: 1.3513 High Jun 5
*PRICE: 1.3389 @ 20:01 BST Jun 10
*SUP 1: 1.3315/16 Low Mar 2 / Jun 10
*SUP 2: 1.3267 Low Feb 25
*SUP 3: 1.3202 Low Feb 21
*SUP 4: 1.3188 3.0% 10-dma envelope
USDCAD extended recent bearish moves having last week cleared the 200-dma. This
reinforces the downside bias and leaves the pair exposed to further weakness.
Prices Wednesday dropped through 1.3357, the 76.4% retracement of the Jan - Mar
rally. This opens 1.3315, the Mar 2 low. On the upside, initial firm resistance
is at 1.3585, Jun 2 high. A break of this level would signal the start of a
correction.

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