TECHS: $1.2500-05 Provides............>

DOLLAR-CANADA: TECHS: $1.2500-05 Provides Resistance To Near Term Recovery

*RES 4: $1.2609 Jul 21 high

*RES 3: $1.2544 Jul 26 high

*RES 2: $1.2522 Hourly recovery high Jul 26

*RES 1: $1.2500/05 Series previous lows Jul 25-26

*PRICE: $1.2485 @1322GMT

*SUP 1: $1.2435/45 Hourly support

*SUP 2: $1.2414/26 Jul 26 low, 10 week bear channel base 

*SUP 3: $1.2360 Feb 2015 low

*SUP 4: $1.2315 2% volatility band

*COMMENTARY* The decline has now broken below the 2.618 projection target at

$1.2485, then not giving the May 2016 low at $1.2461 a sideways glance, before

heading toward and slightly through the 10 week bear channel base. Heavily

oversold as a result in the near term but the previously supportive $1.2500-05

area now acts as resistance. Failure below here will trigger another fall.

Successful break will provide some respite.