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TECHS: Still Vulnerable *RES 4:.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Still Vulnerable
*RES 4: 1.3383 Sep 3 high and key resistance
*RES 3: 1.3348 High Oct 3
*RES 2: 1.3328 High Nov 20
*RES 1: 1.3255 Low Nov 22
*PRICE: 1.3185 @ 05:54 GMT Dec 6
*SUP 1: 1.3151 61.8% retracement of the Oct 29 - Nov 20 rally
*SUP 2: 1.3109 76.4% retracement of the Oct 29 - Nov 20 rally
*SUP 3: 1.3075 Low Oct 30
*SUP 4: 1.3042 Low Oct 29 and major support
USDCAD sold off sharply Wednesday and extended the move lower Thursday. The
sell-off puts on hold for now at least, the recent bullish structure that has
been in place since the recovery off the Oct 29 low. This has exposed the 61.8%
retracement of the Oct 29 - Nov 20 rally at 1.3151. A breach of this level would
further damage sentiment and open the 1.3109, 76.4% level. Initial resistance is
at 1.3255, Nov 22 low.

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