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TECHS: Rebound still in place: *RES...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Rebound still in place:
*RES 4: 1.3564 High May 31, key resistance
*RES 3: 1.3527 High Jun 3
*RES 2: 1.3484 76.4% retracement of the 1.3564-1.3224 decline
*RES 1: 1.3434 61.8% retracement of the 1.3564-1.3224 decline
*PRICE: 1.3419 @ 08:37 GMT June 18
*SUP 1: 1.3393 Low Jun 17 and intraday bull flag base
*SUP 2: 1.3323 Low Jun 14, the last standard line candle pattern
*SUP 3: 1.3273 Low Jun 12
*SUP 4: 1.3224 Low Jun 10 and key support
USDCAD upside is favoured near-term. The strong standard line candle on Jun 14
confirmed a resumption of the current recover. The focus is on the 61.8%
retracement of the 1.3564-1.3224 downleg at 1.3439. A break of this level would
open 1.3484 next. From a broader perspective, USDCAD has traded in a choppy
manner this year. As a result, there is no dominant trend so current gains are
being viewed merely as a short-term recovery.

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