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TECHS: Still Heavy *RES 4: 1.3867.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Still Heavy
*RES 4: 1.3867 Low May 19
*RES 3: 1.3833 High May 29 and key near-term resistance
*RES 2: 1.3715 Low May 29
*RES 1: 1.3585 High Jun 2
*PRICE: 1.3487 @ 17:17 BST Jun 3
*SUP 1: 1.3481 Intraday low
*SUP 2: 1.3462/61 Low Mar 9 / 200-dma
*SUP 3: 1.3380 Low Mar 3
*SUP 4: 1.3361 76.4% retracement of the Jan - Mar rally
USDCAD sold off again Wednesday confirming a resumption of the downtrend that
has been in place since Mar 19. The break lower this week has resulted in a move
through 61.8% of the Jan - Mar rally at 1.3611, reinforcing the current bearish
climate. This has opened 1.3462 next, Mar 9 low and 1.2261 further out, the
76.4% retracement. Key short-term resistance is seen at 1.3833, May 29 high.

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