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TECHS: Remains Heavy *RES 4: 1.3986...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Remains Heavy
*RES 4: 1.3986 High May 26
*RES 3: 1.3867 Low May 19
*RES 2: 1.3833 High May 29
*RES 1: 1.3715 Low May 29
*PRICE: 1.3503 @ 17:32 BST Jun 2
*SUP 1: 1.3484 Intraday low
*SUP 2: 1.3462/60 Low Mar 9 / 200-dma
*SUP 3: 1.3380 Low Mar 3
*SUP 4: 1.3361 76.4% retracement of the Jan - Mar rally
USDCAD sold off sharply Monday confirming a resumption of the downtrend that has
been in place since Mar 19. The break lower has resulted in a move through the
61.8% retrace of the Jan - Mar rally at 1.3611, reinforcing the current bearish
climate. Furthermore, Tuesday's weakness also reinforces these conditions. This
has opened 1.3462 next, Mar 9 low and 1.2261 further out, the 76.4% retracement.
Key S/T resistance is seen at 1.3833, May 29 high.

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