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TECHS: Rebound under threat: *RES.....>

DOLLAR-CANADA: TECHS: Rebound under threat:
*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: 1.3394 @ 16:11 GMT June 18
*SUP 1: 1.3385 Intraday low
*SUP 2: 1.3323 Low Jun 14, the last standard line candle pattern
*SUP 3: 1.3273 Low Jun 12
USDCAD's uptrend looked solid throughout the European morning, but a sagging
greenback and recovering oil prices worked against the narrative, pressing
prices to the week's lows. In the short-term, upside remains favoured, but this
may deteriorate should USD/CAD fall back below 1.3350. To the upside, 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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