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(U2) Off Lows, But Still Fragile


Another Round Of Richening


(U2) More Stable But Still Fragile

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DOLLAR-CANADA: TECHS: Recovery Appears Set To Extend
*RES 4: 1.3432 Jun 18 high
*RES 3: 1.3383 High Sep 3
*RES 2: 1.3331 61.8% retracement of the Jun - Dec decline
*RES 1: 1.3329 High Feb 10 and key resistance
*PRICE: 1.3289 @ 16:44 GMT Feb 25
*SUP 1: 1.3235 Low Feb 24
*SUP 2: 1.3208/02 Trendline support drawn off the Jan 7 low / Low Feb 21
*SUP 3: 1.3191 Low Jan 30
*SUP 4: 1.3155 Low Jan 28 and 29
USDCAD surged higher Monday breaking above its 1.3279 resistance, Feb 18 high
and remains firm. Last week, the 200-dma proved a decent level of support.
Furthermore, the pair has held above a trendline support drawn off the Jan 7
low. The trendline intersects at 1.3208 today. This reinforces last week's low
of 1.3202 as a key support. While it holds, look for the pair to extend recent
gains with attention back on 1.3329, the Feb 10 high.

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