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TECHS: $1.2484 Resistance As..........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: $1.2484 Resistance As Recovery Attempt Grows
*RES 4: $1.2590 Dec 29 high
*RES 3: $1.2556 Jan 4 high
*RES 2: $1.2514 Jan 5 high
*RES 1: $1.2478/84 Intraday high, initial low Jan 5
*PRICE: $1.2459 @1839GMT
*SUP 1: $1.2398/10 Intraday low, hourly support
*SUP 2: $1.2355/78 Jan 5, Jan 8 lows
*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. The move back through here is a first positive step but likely needing
back above $1.2484 before any real benefit will follow. Meanwhile,
$1.2410-$1.2378 now protects the downside from another test.

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