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TECHS: Under Pressure *RES 4:.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Under Pressure
*RES 4: 1.4173 High May 7
*RES 3: 1.4141 High May 14
*RES 2: 1.4048 High May 25 and key near-term resistance
*RES 1: 1.3986 High May 26
*PRICE: 1.3736 @ 11:33 BST May 27
*SUP 1: 1.3728 Intraday low
*SUP 2: 1.3682 Low Mar 11
*SUP 3: 1.3611 61.8% retracement of the rally between Jan 7 - Mar 19
*SUP 4: 1.3500 round number support
USDCAD remains under pressure. The pair yesterday traded below the former key
support at 1.3851, Apr 29 low to signal a resumption of the retracement that
started on Mar 19 off 1.4668. Tuesday's price action also cleared the 50-day EMA
at 1.3953, reinforcing the developing bearish theme. The focus turns to 1.3734,
the Mar 16 low that has been probed and 1.3611 further out, a retracement level.
1.4048 is firm resistance.

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