TECHS: Recovers Off Recent Lows.......>

DOLLAR-CANADA: TECHS: Recovers Off Recent Lows

*RES 4: 1.3858 2.0% 10-dma envelope

*RES 3: 1.3802 High Jun 1

*RES 2: 1.3677/3716 50-day EMA / High Jun 26 and the bull trigger

*RES 1: 1.3632 High Jul 10

*PRICE: 1.3619 @ 17:20 BST Jul 10

*SUP 1: 1.3576 Intraday low

*SUP 2: 1.3491/86 Low Jul 9 / Low Jun 23 and key near-term pivot support

*SUP 3: 1.3398 Low Jun 11

*SUP 4: 1.3316 Low Jun 10 and bear trigger

USDCAD bounced nicely off the Thursday 1.3491 low. A bullish stance remains

intact following the breach on Jun 26 of resistance at 1.3686, Jun 15 high. This

positive sentiment has required pivot support at 1.3486, Jun 23 low to remain in

place. 1.3716, Jun 26 high is the key trigger for a resumption of strength that

would open 1.3802, Jun 1 high. Sub 1.3486 levels would instead expose 1.3398,

Jun 11 low.