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TECHS: Upside Focus Holds *RES 4:.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Upside Focus Holds
*RES 4: 1.3300 High Oct 11
*RES 3: 1.3240 High Oct 15
*RES 2: 1.3212 High Oct 17
*RES 1: 1.3197/1.3208 100-DMA / High Oct 30
*PRICE: 1.3161 @ 10:38 GMT Nov 6
*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 was under pressure yesterday but did manage to recover off the day low of
1.3115. The move higher last week highlights a potential base and 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. Key short-term resistance and bull
trigger is at 1.3208, Oct 30 high. The pair needs to hold above support at
1.3075 or 1.3042 to maintain a bullish focus.

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