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DOLLAR-CANADA: TECHS: Sharp Rally
*RES 4: 1.3409 1.00 projection of Jul 19 - Sep 3 rally from Oct 29 low
*RES 3: 1.3383 Sep 3 high and key resistance
*RES 2: 1.3348 High Oct 3
*RES 1: 1.3300 High Oct 11
*PRICE: 1.3281 @ 07:07 GMT Nov 20
*SUP 1: 1.3191 Low Nov 19
*SUP 2: 1.3172 Low Nov 8
*SUP 3: 1.3115 Low Nov 5 and key near-term support
*SUP 4: 1.3075 Low Oct 30
USDCAD rallied yesterday following a brief visit below 1.3200. The sharp
recovery has extended overnight and resulted in a break above last weeks high of
1.3271. This negates the recent bearish concern that developed late last week
and has instead reinstated the recovery that started on Oct 29. Support has been
defined at yesterday's 1.3191 low and attention turns to 1.3300 and 1.3348, Oct
11 and 03 highs respectively. Bullish once again.