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TECHS: Vertical Ascent *RES 4:........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Vertical Ascent
*RES 4: 1.4948 High March 2003
*RES 3: 1.4814 High April 2003
*RES 2: 1.4690 High 2016
*RES 1: 1.4668 Intraday high
*PRICE: 1.4488 @ 09:53 GMT Mar 19
*SUP 1: 1.4426 Intraday low
*SUP 2: 1.4167 Low Mar 18
*SUP 3: 1.3961 Low Mar 17
*SUP 4: 1.3734 Low Mar 16
USDCAD flew through any and all resistance Thursday as oil markets capitulated
further. The pair registered a new cycle high print in the Asia session too at
1.4668 and the evidence points to further strength near-term. The focus is on
the 1.4690 level, highs from 2016 where a break would open the Apr 2003 high of
1.4814. The psychological 1.5000 level is potentially also within reach
near-term. Yesterday's low of 1.4167 marks the firm support for now.

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