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TECHS: Upside Focus *RES 4: 1.3298....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Upside Focus
*RES 4: 1.3298 High High Dec 4
*RES 3: 1.3270 High Dec 6
*RES 2: 1.3239 76.4% retracement of the Nov 20 - Dec 31 decline
*RES 1: 1.3210 High Jan 29
*PRICE: 1.3196 @ 20:38 GMT Jan 29
*SUP 1: 1.3139 Low Jan 27
*SUP 2: 1.3105 High Jan 9 and former breakout level
*SUP 3: 1.3072 Trendline support drawn off the Jan 7 low
*SUP 4: 1.3026 Low Jan 9
USDCAD edged to new 2020 highs of 1.3210 Wednesday. Recent gains have erased the
resistance band at 1.3186/3205, the Dec 16 and 13 highs respectively. A clear
breach of this zone would open 1.3270, Dec 6 high and extend January's bullish
performance. First support is at 1.3139, Monday's low ahead of 1.3105, Jan 9
high and the former breakout level. A break of the latter is required to
threaten the bullish theme.

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