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TECHS: Shallow Recovery: *RES 3:......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Shallow Recovery:
*RES 3: 1.3226 Low Jun 10 and key resistance
*RES 2: 1.3164/96 200-hma/High Jun 26
*RES 1: 1.3151 Low Jun 20
*PRICE: 1.3127 @ 17:02 BST Jul 1
*SUP 1: 1.3060 Low Jun 28
*SUP 2: 1.3049 Low Nov 2, 2018
*SUP 3: 1.3015 Low Oct 25 2018
Recovery efforts Monday managed to lift the pair north of 1.31, but the rallies
have been far too shallow to counter the outright bearish tone. Last week saw
USDCAD touch fresh year-to-date lows of 1.3060. A daily close below former key
support at 1.3069 would reinforce the bearish theme and maintain potential for a
move towards the Nov 2, 2018 low at 1.3049 ahead of 1.2991, the 76.4%
retracement of the Oct-Dec 2018 rally. On the upside, initial significant
resistance is at the recent breakout point of 1.3226. Ahead of this level,
resistance comes in 1.3151.

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