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(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

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DOLLAR-CANADA: TECHS: Trendline Support Holds
*RES 4: 1.3383 High Sep 3
*RES 3: 1.3331 61.8% retracement of the Jun - Dec decline
*RES 2: 1.3329 High Feb 10 and key resistance
*RES 1: 1.3296 High Feb 2
*PRICE: 1.3270 @ 06:21 GMT Feb 24
*SUP 1: 1.3202/01 Low Feb 21 / Trendline support drawn off the Jan 7 low
*SUP 2: 1.3191 Low Jan 30
*SUP 3: 1.3155 Low Jan 28 and 29
*SUP 4: 1.3140 50% retracement of the Dec 31 - Feb 10 rally
Last week, the 200-dma proved a decent level of support for USDCAD. Furthermore,
the pair is holding above a trendline support drawn of the Jan 7 low. The
trendline intersects at 1.3201 today. This reinforces last week's low of 1.3202
as a key support. A break would signal scope for a deeper pullback that would
open 1.3191 ahead of 1.3155. Initial resistance remains at 1.3296, Feb 12 high.
A breach here would open 1.3329, the Feb 10 high.

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