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TECHS: YTD lows beckon: *RES 3:.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: YTD lows beckon:
*RES 3: 1.3283 200-DMA
*RES 2: 1.3226 Low Jun 10 and key resistance
*RES 1: 1.3196 High Jun 26
*PRICE: 1.3135 @ 05:11 GMT June 27
*SUP 1: 1.3117 Intraday low
*SUP 2: 1.3107/21/20 Low Jun 26 / 200-wma / 61.8% 1.2783 - 1.3665
*SUP 3: 1.3086 Low Feb 4
*SUP 4: 1.3069 Low Feb 1 and key support
USDCAD remains heavy. A day of strong energy prices helped boost the CAD
Wednesday, resulting in the lowest print for USD/CAD since Feb. The near-term
outlook remains bearish with the 200-wma & 61.8% retracement level also probed
during yesterday's session. A move through 1.3107 would expose 1.3069, the Feb 1
low and an important support. On the upside, the initial significant resistance
is at last week's breakout point of 1.3226. The 200-dma is at 1.3283, ahead of
the 200-hma at 1.3255 which may prove a more important resistance.

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