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TECHS: Recovery builds: *RES 4:.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Recovery builds:
*RES 4: 1.3355 61.8% retracement of the May 31-Jul 19 decline
*RES 3: 1.3286 High Jun 20
*RES 2: 1.3274 3% Upper Bollinger Band
*RES 1: 1.3215 Jul 31 High
*PRICE: 1.3211 @ 04:05 GMT Aug 01
*SUP 1: 1.3116 Low Jul 23 and Jul 25
*SUP 2: 1.3016/15 Low Jul 19/Low Oct 25 2018
*SUP 3: 1.3000 Psychological round number
*SUP 4: 1.2990 76.4% of the rally between Oct 1-Dec 31, 2018
The late July recovery extended Wednesday thanks to the Fed, helping to boost
the pair north of 1.3200. Bulls look for a clean break above 1.3215 to open the
way to the early June highs. Bullish momentum looks likely to fade soon,
however, keeping bears hopeful of a return to 1.3116 support, which should prove
firm.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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