TECHS: $1.2500-$1.2480 Provides.......>

DOLLAR-CANADA: TECHS: $1.2500-$1.2480 Provides Near Term Support

*RES 4: $1.2762 76.4% Fibo of $1.2921-$1.2249

*RES 3: $1.2664 61.8% Fibo of $1.2921-$1.2249

*RES 2: $1.2624/25 Dec 5 low, 2% volatility band

*RES 1: $1.2585/91 50% of $1.2921-$1.2249, Jan 11 high

*PRICE: $1.2527 @1115GMT

*SUP 1: $1.2480/00 Hourly support

*SUP 2: $1.2451 Feb 2 high, now support

*SUP 3: $1.2398 Feb 5 low

*SUP 4: $1.2367 Hourly base Feb 2

*COMMENTARY* The recovery continues apace this week, the latest rise to $1.2565,

just shy of the next resistance area between $1.2585, a 50% retrace level and

the Jan 11 high at $1.2591. Some near term overbought conditions are currently

being unwound, $1.2500-$1.2480 anticipated to stay intact, is a deeper

correction of gains from last week's $1.2249 base, is to be averted. Above

$1.2591 and $1.2624-$1.2625 is likely to provide the next barrier.