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TECHS: Weaker Following Break Of......>

DOLLAR-CANADA: TECHS: Weaker Following Break Of 1.3998 Pivotal Support
*RES 4: 1.4265 High Apr 21 and the bull trigger
*RES 3: 1.4198 High Apr 23
*RES 2: 1.4121 High Apr 27
*RES 1: 1.4004 Intraday high
*PRICE: 1.3939 @ 06:22 BST Apr 29
*SUP 1: 1.3895 50-day EMA
*SUP 2: 1.3856 Low Apr 13 and the bear trigger
*SUP 3: 1.3813 50.0% retracement of the rally between Jan 7 - Mar 19
*SUP 4: 1.3734 Low Mar 16
USDCAD is softer following yesterday's break of initial key support at 1.3998.
This neutralises the recent bullish focus and suggests scope for a deeper
pullback towards the next key support at 1.3856, Apr 13 low. A breach of 1.3856
would represent an important S/T technical break and confirm a resumption of the
move lower that started on Mar 19. This would open 1.3813, a Fibonacci
retracement initially. Resistance is seen at 1.4121, Apr 27 high.

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