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TECHS: Uptrend Intact *RES 4:.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Uptrend Intact
*RES 4: 1.3452 High Jun 4
*RES 3: 1.3432 Jun 18 high
*RES 2: 1.3383 High Sep 3 and key resistance
*RES 1: 1.3375 Intraday high
*PRICE: 1.3363 @ 17:16 GMT Feb 27
*SUP 1: 1.3267 Low Feb 25
*SUP 2: 1.3235 Low Feb 24
*SUP 3: 1.3216/02 Trendline support drawn off the Jan 7 low / Low Feb 21
*SUP 4: 1.3191 Low Jan 30
USDCAD retains a bullish tone trading higher this week and has breached the
former key resistance at 1.3329, the Feb 10 high. A bullish theme has recently
been reinforced following the pairs ability to find support at the 200-dma and
hold above trendline support drawn off the Jan 7 low. The trendline intersects
at 1.3223 today. The break of 1.3329 paves the way for strength towards key
resistance at 1.3383, the Sep 3 high. Initial support is at 1.3267.

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