USDCAD TECHS: Bull Cycle Extension

* RES 4: 1.4248 High 24 and a key resistance * RES 3: 1.4175 High Jul 13 * RES 2: 1.4126 76.4% retracement of the Jun 24 - Aug 21 bear leg * RES 1: 1.4088 Intraday high * PRICE: 1.4083 @ 08:24 BST Sep 23 * SUP 1: 1.3927/3732 20-day EMA / Low Aug 21 and the bear trigger * SUP 2: 1.3715 76.4% retracement of the May 1 - Jun 24 bull cycle * SUP 3: 1.3672 Low May 12 * SUP 4: 1.3620 Low May 7 USDCAD maintains a firmer tone and the pair continues to appreciate. This reinforces the current short-term bull theme. The pair has traded through resistance at the 50-day EMA, currently at 1.3933. The break signals scope for a stronger retracement of the Jun 24 - Aug 21 bear leg. Sights are on 1.4126, a Fibonacci retracement. Key support has been defined at 1.3732, the Aug 21 low. First support to watch lies at 1.3927, the 20-day EMA.