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TECHS: Too little too late: *RES 4:...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Too little too late:
*RES 4: 1.3432/35 High Jun 18 / 76.4% retracement of the May 31 - Jul 19 decline
*RES 3: 1.3432 High Jun 18
*RES 2: 1.3383 High Sep 3 and key resistance
*RES 1: 1.3345 High Sep 4
*PRICE: 1.3238 @ 15:56 GMT Sep 5
*SUP 1: 1.3192 Intraday low
*SUP 2: 1.3185 Low Aug 13
*SUP 3: 1.3156 61.8% retracement of the Jul 19 - Sep 3 rally
*SUP 4: 1.3152 1.0% 10-dma envelope
A late-in-the-day rally for USD/CAD wasn't enough to shift the outlook more
positive Thursday, This keeps the bearish undertones for the pair in tact,
supported by the moderately hawkish Bank of Canada rate decision, mid-week. A
clear break is need of the 1.3225 Aug 27 low to further undermine the recent
bull trend and expose support at 1.3185, the low of Aug 13. A break here would
expose a deeper decline. Key resistance has been defined at 1.3383.

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