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.