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TECHS: Pivot resistance at Aug 7......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Pivot resistance at Aug 7 high:
*RES 4: 1.3452 High Jun 4
*RES 3: 1.3435 76.4% retracement of the May 31-Jul 19 decline
*RES 2: 1.3432 High Jun 18
*RES 1: 1.3345/55 High Aug 7 / 61.8% retracement of the May 31-Jul 19 decline
*PRICE: 1.3303 @ 05:05 GMT Aug 15
*SUP 1: 1.3250/46 200-hma / 100-hma
*SUP 2: 1.3178/68 Low Aug 5/cloud base
*SUP 3: 1.3145 61.8% retracement of the Jul 19-Aug 7 rally
*SUP 4: 1.3124/21 50-mma/200-wma
USDCAD bulls successfully tackled resistance at 1.3300/08, 100-dma, cloud top &
200-dma. Level had previously held so the breach is a positive bullish outcome.
Resistance is at 1.3345, clearance of this level would further reinforce the
bullish theme and open 1.3432. Bears take comfort from last Wednesday's bearish
shooting star candle pattern and a bearish engulfing the following day. For
these to remain valid, price action needs to hold below 1.3345.

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