TECHS: Vulnerable Near-Term: *RES.....>

DOLLAR-CANADA: TECHS: Vulnerable Near-Term:

*RES 4: 1.3383 High Sep 3 and key resistance

*RES 3: 1.3348 High Oct 3

*RES 2: 1.3300 High Oct 11

*RES 1: 1.3240 High Oct 15

*PRICE: 1.3212 @ 09:41 GMT Oct 16

*SUP 1: 1.3171 Low Oct 11

*SUP 2: 1.3134 Low Sep 10 and major support

*SUP 3: 1.3103 76.4% retracement of Jul 19 - Sep 3 rally

*SUP 4: 1.3041 Low Jul 22

USDCAD sold off sharply on Friday and this is likely to weigh on the pair near-

term. The sharp slide last week saw the pair trade through key support from the

early October lows at 1.3206 negating recent bullish signals following the rally

since early October. This shifts the near-term outlook to bearish with scope for

1.3134, Sep 10 low and 1.3103, 76.4% retracement of Jul 19 - Sep 3 rally. On the

upside, resistance is at 1.3300. The intraday bear trigger is 1.3171.