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DOLLAR-CANADA: TECHS: Pullback Likely A Correction:
*RES 4: 1.3501 1.00 projection of Jul 19 - Sep 3 rally from Sep 10 low
*RES 3: 1.3432 High Jun 18
*RES 2: 1.3383 High Sep 3 and key resistance
*RES 1: 1.3348 High Oct 3
*PRICE: 1.3301 @ 08:41 GMT Oct 8
*SUP 1: 1.3266 50% of the Oct 2 range
*SUP 2: 1.3206 Low Sep 13 and Oct 2 / Key near-term support
*SUP 3: 1.3177 Low Sep 12
*SUP 4: 1.3134 Low Sep 10 and major support
USDCAD is correcting lower. The outlook remains bullish following last weeks
move higher on Oct 2 that saw of host of key resistance levels cleared. This
marked a bullish breakout that appears still to have the legs for an extension
higher. Support at 1.3206, Sep 13 and Oct 2 low also held last week reinforcing
the current bullish theme. Attention is on 1.3383, Sep 3 high where a break
would confirm a resumption of the broader uptrend. Key support is 1.3206.