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TECHS: $1.2414-$1.2441 Now Becomes....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: $1.2414-$1.2441 Now Becomes Key Resistance Area
*RES 4: $1.2468 2% volatility band
*RES 3: $1.2433/41 61.8% of $1.2663-$1.2061, Aug 29 low
*RES 2: $1.2414 Jul 26, Jul 17 lows, now resistance
*RES 1: $1.2391 Sep 20 high
*PRICE: $1.2360 @1255GMT
*SUP 1: $1.2315/25 Hourly support
*SUP 2: $1.2270/75 Congestion area Sep 19-20
*SUP 3: $1.2236 Hourly basing area Sep 20
*SUP 4: $1.2198 Sep 20 low
*COMMENTARY* A brief spike below 1.2236 support on Wednesday was quickly
reversed and the subsequent rally removed resistance from the pivotal $1.2340
level. A high of $1.2391 seen on Wednesday, as we make our way towards the next
crucial resistance area from between $1.2414-$1.2441. Will need to climb
successfully above the latter before the overall downside bias is reversed. In
the interim, support from $1.2325-$1.2315 and then $1.2270-$1.2236.

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