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DOLLAR-CANADA: TECHS: Unlocks Further Highs
*RES 4: 1.3205 High Dec 13
*RES 3: 1.3181 High Dec 20 and key resistance
*RES 2: 1.3175 50-dma
*RES 1: 1.3105 High Jan 9
*PRICE: 1.3092 @ 16:26 GMT Jan 9
*SUP 1: 1.2976 Low Jan 8
*SUP 2: 1.2952 Low Dec 31 and bear trigger
*SUP 3: 1.2917 Low Oct 16
*SUP 4: 1.2857 Low Oct 4, 2018
USDCAD rose further still Thursday, taking out resistance layered ahead of the
1.31 handle to hit a new 2020 high of 1.3105. The clearance of 1.3042 suggests a
potential base at the recent 1.2952 low, Dec 31. This has opened a recovery
above the 1.31 handle and opens the 50-dma at 1.3175. A return below 1.2952
would instead resume the downtrend and open 1.2917, Oct 16 low, 2018.