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TECHS: Still Under Pressure *RES 4:...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Still Under Pressure
*RES 4: 1.3240 High Dec 11
*RES 3: 1.3205 High Dec 13
*RES 2: 1.3181 High Dec 20 and initial key resistance
*RES 1: 1.3103 Low Dec 18
*PRICE: 1.3048 @ 06:08 GMT Dec 31
*SUP 1: 1.3042 Low Oct 29 and key support
*SUP 2: 1.3016 Low Jul 19
*SUP 3: 1.3022 1.00 projection of Oct 3 - Oct 29 decline from Nov 20 high
*SUP 4: 1.2970 Low Oct 24, 2018
USDCAD remains under pressure. The pair has recently cleared former support at
1.3103 to confirm a resumption of this month's sell-off. This paves the way for
a move towards 1.3042, Oct 29 low and the next key support. A break would open
1.3016. Both momentum and moving average studies are pointing south reinforcing
the current bearish theme. Initial resistance is at 1.3103, Dec 18 low and the
recent breakout level.

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