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TECHS: Rejection of key DMA's: *RES...>

DOLLAR-CANADA: TECHS: Rejection of key DMA's:
*RES 4: 1.3435 76.4% retracement of the May 31-Jul 19 decline
*RES 3: 1.3432 High Jun 18
*RES 2: 1.3355 61.8% retracement of the May 31-Jul 19 decline
*RES 1: 1.3302/05/06 Cloud top/100-dma/200-dma
*PRICE: 1.3225 @ 05:51 GMT Aug 08
*SUP 1: 1.3215 Intraday low
*SUP 2: 1.3178 Low Aug 05
*SUP 3: 1.3122/20 50-mma/200-wma
*SUP 4: 1.3106 Low Jul 31
USDCAD rejected a close above the key 100 & 200-dma's, with the move further
cemented by Wednesday's bearish shooting star candle pattern. The retracement
extended to 1.3215, returning the focus to the Jul 31 low & Jul 19 ytd low at
1.3016. Bulls focus remains on the cloud top, 100 & 200-dma's at 1.3302/05/06,
above here would reignite upside momentum opening the 61.8% retracement of the
May-Jul decline at 1.3355.

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