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Price Signal Summary: USDCLP Heading South


Europe push through the lows, while US holds


BLOCK, Large 2Y Buy

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DOLLAR-CANADA: TECHS: Still Trading Sideways:
*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: 1.3249 @ 05:04 GMT Oct 1
*SUP 1: 1.3214 Low Sep 27
*SUP 2: 1.3206 Low Sep 13 and key near-term support
*SUP 3: 1.3177 Low Sep 12
*SUP 4: 1.3134 Low Sep 10 and key support
USDCAD is firmer this morning but remains essentially consolidative for now. 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 a break of 1.3310. This would cement
the bullish outlook and open 1.3345, the high of Sep 4 and 1.3383, Sep 3 high.
On the downside, support lies at 1.3206, Sep 13 low. A break of this level would
instead highlight a growing bearish risk.
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