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TECHS: Support Lies At 1.3115 *RES....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Support Lies At 1.3115
*RES 4: 1.3300 High Oct 11
*RES 3: 1.3240 High Oct 15
*RES 2: 1.3212 High Oct 17
*RES 1: 1.3208 High Oct 30 and bull trigger
*PRICE: 1.3163 @ 10:50 GMT Nov 7
*SUP 1: 1.3115 Low Nov 5
*SUP 2: 1.3075 Low Oct 30
*SUP 3: 1.3042 Low Oct 29 and initial key support
*SUP 4: 1.3016 Low Jul 19 and major support
USDCAD recently recovered off Tuesday's low of 1.3115 but is experiencing some
selling pressure this morning. The outlook remains bullish. This follows last
weeks reversal at the Oct 29 low of 1.3042. The reversal is significant given it
occurred ahead of the primary support at 1.3016, Jul 19 low. The key short-term
resistance and bull trigger is at 1.3208, Oct 30 high. A break would open
1.3240. On the downside, initial support has been defined at 1.3115.

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