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TECHS: Remains Bullish *RES 3:........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Remains Bullish
*RES 3: 1.3383 Sep 3 high and key resistance
*RES 2: 1.3348 High Oct 3
*RES 1: 1.3328 High Nov 20
*PRICE: 1.3289 @ 17:04 GMT Nov 29
*SUP 1: 1.3255 Low Nov 22
*SUP 2: 1.3191 Low Nov 19 and key near-term support
*SUP 3: 1.3172 Low Nov 8
The pair traded firmer for much of the Friday session, before reverting back to
flat ahead of the close. This does little to deter the current bullish outlook
after an engulfing candle pattern on Nov 19 highlighted a resumption of the
uptrend resulting in a break of 1.3271, Nov 14 high. This maintained the
sequence of higher highs and higher lows in the trend that began on Oct 29.
Furthermore, the recent consolidation appears to be a bull flag. A break of
1.3328 would resume the uptrend and open 1.3348 and 1.3383. Support is at
1.3255, Nov 22 low.

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