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Techs: Ytd low printed: *RES 4:.......>

DOLLAR-CANADA
DOLLAR-CANADA: Techs: Ytd low printed:
*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: 1.3088/90 200-hma / 100-hma
*PRICE: 1.3036 @ 05:17 GMT Jul 12
*SUP 1: 1.3036 Intraday ytd low
*SUP 2: 1.3015 Low Oct 25 2018
*SUP 3: 1.3000 Psychological round number
*SUP 4: 1.2986 100-wma
USDCAD resumes its downtrend. The rejection of the key 1.3145 area on Wednesday
witnessed a sharp retracement resulting in a breach of support at 1.3038 during
the Asian session today. The break of this support confirms a resumption of the
underlying downtrend and paves the way for a move towards the psychological
1.3000 level. As long as resistance defined at the recent high of 1.3144/45 on
Jul 1 and Jul 10 holds, the outlook in USDCAD is bearish.

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