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TECHS: Still Heavy *RES 4: 1.3300.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Still Heavy
*RES 4: 1.3300 High Oct 11
*RES 3: 1.3240 High Oct 15
*RES 2: 1.3212 High Oct 17
*RES 1: 1.3146 High Oct 18 and key near-term resistance
*PRICE: 1.3082 @ 05:11 GMT Oct 22
*SUP 1: 1.3071 Intraday low
*SUP 2: 1.3041 Low Jul 22
*SUP 3: 1.3016 Low Jul 19 and major support
*SUP 4: 1.2991 76.4% October 2018 - January 2019 Rally
USDCAD remains weak as the pair extends the current bearish move. The 1.3100
handle gave way early Monday as the polling booths in Canada opened. The bearish
theme was recently reinforced following last weeks sharp losses that resulted in
a breach of key support at 1.3134, Sep 10 low. With momentum studies pointing
south, continued bearish follow through is likely with the focus on 1.3016, Jul
19 low. On the upside, firm resistance is at 1.3146.

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