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TECHS: Rally lacks follow through:....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Rally lacks follow through:
*RES 3: 1.3432/35 High Jun 18 / 76.4% retracement of the May 31 - Jul 19 decline
*RES 2: 1.3432 High Jun 18
*RES 1: 1.3346/55 High Aug 20 / 61.8% retracement of the May 31 - Jul 19 decline
*PRICE: 1.3276 @ 15:56 GMT Aug 27
*SUP 1: 1.3211 Low Aug 14
*SUP 2: 1.3185 Low Aug 13
*SUP 3: 1.3142 61.8% retracement of Jul 19 - Aug 20 rally
Despite the late-in-the-day rally in USDCAD, the outlook still looks bearish
with markets needing to take out 1.33 before tilting the market bias. Markets
took out support at 1.3251, opening 1.3185, the Aug 13 low. Key resistance still
sits at 1.3346, the Aug 20 high. Also, just above this level is the 61.8%
retracement of the May 31 - July 19 decline at 1.3355. Clearance of 1.3346/55
would reinforce a bullish theme and open 1.3432, allowing for an extension of
the uptrend that has been in place since Jul 19.

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