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TECHS: Watching the 1.3355............>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Watching the 1.3355 Fibonacci level:
*RES 4: 1.3452 High Jun 4
*RES 3: 1.3432/35 High Jun 18 / 76.4% retracement of the May 31 - Jul 19 decline
*RES 2: 1.3432 High Jun 18
*RES 1: 1.3346/55 High Aug 20 / 61.8% retracement of the May 31 - Jul 19 decline
*PRICE: 1.3323 @ 04:53 GMT Aug 23
*SUP 1: 1.3251 Low Aug 19
*SUP 2: 1.3185 Low Aug 13
*SUP 3: 1.3178 Low Aug 5
*SUP 4: 1.3106 Low Jul 31
USDCAD probed the Aug 7, 1.3345 high Tuesday but failed to follow through. Price
action also remains below the 61.8% retracement of the May 31 - July 19 decline
at 1.3355 which represents the next key near-term resistance. A move above here
would reinforce a bullish theme and open 1.3432, allowing for an extension of
the uptrend that has been in place since Jul 19. Initial support lies at 1.3251,
Monday's low and an important short-term level.

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