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DOLLAR-CANADA: TECHS: Still in consolidation mode:
*RES 4: 1.3432 High Jun 18
*RES 3: 1.3383 High Sep 3 and key resistance
*RES 2: 1.3345 High Sep 4
*RES 1: 1.3310 High Sep 18 and bull trigger
*PRICE: 1.3260 @ 08:50 GMT Sep 25
*SUP 1: 1.3232 Low Sep 24
*SUP 2: 1.3206 Low Sep 13
*SUP 3: 1.3177 Low Sep 12
*SUP 4: 1.3134 Low Sep 10 and key support
USDCAD is still in a consolidation mode. The recovery established off the low of
Sep 10 remains intact. Focus for bulls is on the potential for a close above
1.3300 and clearance of 1.3310. This would further cement the bullish outlook
and open 1.3345, the high of Sep 4 and 1.3383, Sep 3 high. Momentum studies
continue to point north and moving average studies are bullish too highlighting
a bullish condition. Support has been defined at 1.3206, Sep 13 low.