TECHS: Short-term outlook remains.....>

DOLLAR-CANADA: TECHS: Short-term outlook remains bearish:

*RES 4: 1.3433 High Jun 18

*RES 3: 1.3333 20-day EMA

*RES 2: 1.3285 200-DMA

*RES 1: 1.3224 Jun 10 low

*PRICE: 1.3193 @ 05:12 GMT June 24

*SUP 1: 1.3151 Low Jun 20

*SUP 2: 1.3119 61.8% 1.2783 - 1.3665

*SUP 3: 1.3112 Low Feb 25

*SUP 4: 1.3068 Low Feb 1

USDCAD starts the week off on a softer note following last week's sharp

sell-off. The break of 1.3224 was an important bearish technical development and

is likely to weigh on the pair short-term. Potential is seen for a move towards

1.3112 and 1.3068 as initial targets. On the upside, first resistance comes in

at last week's breakout point of 1.3224. The 20-day EMA intersects at 1.3333 and

represents a more important level of resistance for bears.