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TECHS: Within Range *RES 4: 1.3383....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Within Range
*RES 4: 1.3383 High Sep 3
*RES 3: 1.3331 61.8% retracement of the Jun - Dec decline
*RES 2: 1.3329 High Feb 10 and key resistance
*RES 1: 1.3296 High Feb 2
*PRICE: 1.3261 @ 17:23 GMT Feb 20
*SUP 1: 1.3215 Low Feb 19 / 200-dma
*SUP 2: 1.3191 Low Jan 30
*SUP 3: 1.3172 Trendline support drawn off the Jan 7 low
*SUP 4: 1.3155 Low Jan 28 and 29
Having found resistance Tuesday, the bearish trend resumed, taking out the early
February lows in the process. The Thursday session was more muted, doing little
to contribute to the current technical outlook. This is allowing the recent
overbought conditions to unwind. Note that trendline support lies at 1.3172,
drawn off the Jan 7 low. Initial resistance is seen at 1.3296, Feb 12 high.

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