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TEHCS: Doji And A Possible Base?......>

DOLLAR-CANADA
DOLLAR-CANADA: TEHCS: Doji And A Possible Base?
*RES 4: 1.3833 High May 29
*RES 3: 1.3715 Low May 29
*RES 2: 1.3642 1.0% 10-dma envelope
*RES 1: 1.3585 High Jun 2 and key near-term resistance
*PRICE: 1.3567 @ 17:12 BST Jun 11
*SUP 1: 1.3316 Low Jun 10 and bear trigger
*SUP 2: 1.3267 Low Feb 25
*SUP 3: 1.3202 Low Feb 21
*SUP 4: 1.3121 3.0% 10-dma envelope
USDCAD bounced sharply Thursday, taking out the week's high rapidly to narrow
the gap with key resistance at 1.3585. Wednesday's candle pattern is a doji,
suggesting a base may have been established at the recent low of 1.3316. This
heightens the importance of 1.3585, but a rally through here would be positive
and opens 1.3715 in the near-term. Sub 1.3316 levels would confirm a resumption
of the downtrend.

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