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

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Pivot resistance at Aug 7 high:
*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: 1.3293 @ 08:38 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
USDCAD bulls successfully tackled resistance at 1.3300/08, the 100-dma, cloud
top & 200-dma. This level had previously held well 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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