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TECHS: Still Firm *RES 4: 1.3967......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Still Firm
*RES 4: 1.3967 2.000 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 3: 1.3898 3.0% 10-dma envelope
*RES 2: 1.3867 1.764 projection of the Dec 31 - Feb 10 rally from Feb 21 low
*RES 1: 1.3820 Intraday high
*PRICE: 1.3765 @ 09:46 GMT Mar 12
*SUP 1: 1.3609 Low Mar 10
*SUP 2: 1.3462 Low Mar 9
*SUP 3: 1.3429 20-day EMA
*SUP 4: 1.3380 Low Mar 6
USDCAD remains bullish and price has edged higher overnight. The focus is now on
1.3867, a Fibonacci projection and an MA envelope resistance at 1.3852. The
trend maintains the current bullish price sequence of higher highs and higher
lows that has been in place since the recovery off the Dec 31 low. Daily
conditions are overbought though and supports will play an important role in
assessing the risk of a correction. Initial firm support lies at 1.3609.

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