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TECHS: Rally Extends *RES 4: 1.3432...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Rally Extends
*RES 4: 1.3432 High Jun 18
*RES 3: 1.3383 High Sep 3
*RES 2: 1.3331 61.8% June - Dec decline
*RES 1: 1.3328 High Nov 20 and key resistance
*PRICE: 1.3306 @ 16:20 GMT Feb 7
*SUP 1: 1.3263/27 Low Feb 5 / Low Jan 3
*SUP 2: 1.3191 Low Jan 30
*SUP 3: 1.3155 Low Jan 28 and 29
*SUP 4: 1.3122/05 Trendline support drawn off the Jan 7 low / High Jan 9
USDCAD traded higher again Friday achieving a stronger print above the 1.3300
handle. A bullish focus remains intact following this year's recovery so far,
with attention on key resistance at the Nov 20 high of 1.3328. A break would
open 1.3331 and 1.3383. Support is seen at 1.3263 and 1.3227 initially ahead of
1.3191, the Jan 30 low. A break of the latter would dent the current impulsive
bullish theme.

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