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TECHS: Struggling for traction:.......>

DOLLAR-CANADA: TECHS: Struggling for traction:
*RES 4: 1.3355 61.8% retracement of the May 31-Jul 19 decline
*RES 3: 1.3313 Cloud top
*RES 2: 1.3304/08 200-dma/100-dma
*RES 1: 1.3286 High Jun 20
*PRICE: 1.3195 @ 03:10 GMT Aug 06
*SUP 1: 1.3178 Low Aug 05
*SUP 2: 1.3119/06 200-wma/Low Jul 31
*SUP 3: 1.3016/15 Low Jul 19/Low Oct 25, 2018
*SUP 4: 1.3000 Round number support
USDCAD failed to build above 1.3245 yesterday, with the downtrend extending back
through 1.3200. This puts immediate focus on the 200-wma & Jul 31 low at
1.3119/06, a break opens the Jul 19 ytd low at 1.3016. Clustered resistance is
noted into the June 20 high, with a break above the 200 & 100-dma's at 1.3304/08
needed to reignite upside momentum.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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