TECHS: $1.2447-$1.2472 Provides.......>

DOLLAR-CANADA: TECHS: $1.2447-$1.2472 Provides Resistance To Recovery

*RES 4: $1.2590/91 Dec 29, Jan 11 highs

*RES 3: $1.2556 Jan 12 high

*RES 2: $1.2520 Hourly congestion Jan 11-12

*RES 1: $1.2447/72 Hourly resistance, Jan 15 high

*PRICE: $1.2427 @0955GMT

*SUP 1: $1.2403/11 Jan 15 low, 76.4% of $1.2355-$1.2591

*SUP 2: $1.2377 Hourly support

*SUP 3: $1.2345/55 1% volatility band, Jan 5 low

*SUP 4: $1.2313 Previously broken 4 week resistance line

*COMMENTARY* Has continued to fall since the recovery was halted at $1.2591 last

week. The subsequent drop tested the resolve of support from the 76.4% Fibo

retrace level at $1.2411 on Monday. A low of $1.2403 seen before some near term

oversold conditions prompted a bounce. Look to $1.2447-$1.2472 for initial

resistance, above needed before the chance of a higher $1.2520-$1.2556 bounce.

Below $1.2403 and anticipate pressure back on $1.2377-$1.2345.