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TECHS: Probes Major Resistance *RES...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Probes Major Resistance
*RES 4: 1.3867 1.764 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 3: 1.3812 1.618 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 2: 1.3767 1.50 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 1: 1.3766 Intraday high
*PRICE: 1.3587 @ 16:53 GMT Mar 9
*SUP 1: 1.3579 61.8% retracement of today's range
*SUP 2: 1.3462 Intraday low
*SUP 3: 1.3380 Low Mar 6
*SUP 4: 1.3315 Low Mar 2
Volatile price action Monday saw the pair trade to a high 1.3766 before finding
resistance. The sharp move higher highlights the continued existence of a bull
trend and marks an extension of the recovery that has been in place since early
January. Note that today's gains have also probed a major resistance at 1.3665,
the Dec31, 2018 high. This marks an important bullish break. Initial support is
at 1.3579, a retest of Monday's 1.3766 high is likely.

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