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TECHS: Ytd low in view: *RES 4:.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Ytd low in view:
*RES 4: 1.3226    Low Jun 10
*RES 3: 1.3196    High Jun 26
*RES 2: 1.3144/45 High Jul 10 / High Jul 1 and key resistance
*RES 1: 1.3093/95 200-hma / 100-hma
*PRICE: 1.3046    @ 08:52 GMT Jul 11
*SUP 1: 1.3038    Low Jul 4
*SUP 2: 1.3015    Low Oct 25 2018
*SUP 3: 1.3000    Psychological round number
*SUP 4: 1.2986    100-wma
Rejection of the key 1.3145 area yesterday has seen a sharp retracement back
through 1.3040. The resultant selling pressure once again brings into focus
major support at 1.3038, the low of Jul 4. Clearance of this level would confirm
a resumption of the underlying downtrend and pave the way for a move towards the
psychological 1.3000 level. As long as resistance defined at the recent high of
1.3145 on Jul 1 remains intact, the outlook in USDCAD remains bearish.

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