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TECHS: Pulls Bull Trigger *RES 4:.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Pulls Bull Trigger
*RES 4: 1.3863 2.0% 10-dma envelope
*RES 3: 1.3802 High Jun 1
*RES 2: 1.3723 50-day EMA
*RES 1: 1.3715/16 Low May 29 /Jun 26
*PRICE: 1.3685 @ 17:33 BST Jun 26
*SUP 1: 1.3486 Low Jun 23
*SUP 2: 1.3398 Low Jun 11 and key near-term support
*SUP 3: 1.3316 Low Jun 10 and bear trigger
*SUP 4: 1.3267 Low Feb 25
USDCAD made light work of the 1.3686 bull trigger, cementing the current upward
trend. The recent move off 1.3316, Jun 10 low continues, highlighting a bullish
backdrop. The candle pattern on Jun 10 was a doji and on Jun 11, a bullish
engulfing reversal. Both highlight a potential base at 1.3316. Furthermore, the
consolidation since Jun 12 is seen as a bullish structure. Key support is at
1.3398, Jun 11 low.

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