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TECHS: Retracement Extends *RES 4:....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Retracement Extends
*RES 4: 1.3873 2.0% 10-dma envelope
*RES 3: 1.3802 High Jun 1
*RES 2: 1.3714/16 50-day EMA / High Jun 26
*RES 1: 1.3700 High Jun 30
*PRICE: 1.3565 @ 10:50 BST Jul 1
*SUP 1: 1.3528 Low Jun 24
*SUP 2: 1.3486 Low Jun 23 and key near-term support
*SUP 3: 1.3398 Low Jun 11
*SUP 4: 1.3316 Low Jun 10 and bear trigger
USDCAD is struggling to hold onto gains this week so far. Nonetheless, bulls
retain the advantage following gains through the 1.3686 bull trigger last week,
cementing the current upward trend. This should hold while support at 1.3486,
Jun 23 low remains intact. On the upside, Friday's high of 1.3716 is the trigger
for a resumption of strength that would open 1.3802, Jun 1 high. Weakness below
1.3486 would instead expose 1.3398, Jun 11 low.

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