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TECHS: Stuck in the range: *RES 3:....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Stuck in the range:
*RES 3: 1.3432 High Jun 18
*RES 2: 1.3355 61.8% retracement of the May 31-Jul 19 decline
*RES 1: 1.3302/03/07 Cloud top/100-dma/200-dma
*PRICE: 1.3242 @ 15:17 GMT Aug 12
*SUP 1: 1.3196 Low Aug 9
*SUP 2: 1.3178 Low Aug 5
*SUP 3: 1.3122/20 50-mma/200-wma
USDCAD failed to clear channel base support-turned-resistance around 1.3240,
with a convincing break needed to aid the recovery toward the Aug 7 high of
1.3345. This key level marked a rejection of the 100 & 200-dma's last week and
was further cemented by Wednesday's bearish shooting star candle pattern and a
bearish engulfing reversal the following day. Downside focus remains on the Aug
5 low at 1.3178 and 1.3106, the Jul 31 low. Clearance of this latter level would
open the ytd low at 1.3016.

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