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TECHS: $1.2450-$1.2484 Resistance.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: $1.2450-$1.2484 Resistance As Recovery Attempt Grows
*RES 4: $1.2556 Jan 4 high
*RES 3: $1.2514 Jan 5 high
*RES 2: $1.2484 Initial low Jan 5, now resistance
*RES 1: $1.2450 Jan 8 high, 3 week falling res'tce line
*PRICE: $1.2441 @1045GMT
*SUP 1: $1.2378 Jan 8 low
*SUP 2: $1.2355 Jan 5 low
*SUP 3: $1.2315 Max 5th wave tgt in fall from $1.2921
*SUP 4: $1.2291 3 week bear channel base projection
*COMMENTARY* Friday saw a one day fall from one side of the 3 week bear channel
to the other. A low of $1.2355 seen so far. The parameters of this channel have
moved again today, the top now coming in at $1.2450, to join Monday's recovery
high. Back above here will be a first positive step but likely needing back
above $1.2484 before any real benefit will follow. Meanwhile, $1.2378 protects
the downside from another test, $1.2315-$1.2291 the supports below $1.2355.

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