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TECHS: $1.2595-$1.2610 The Barrier....>

DOLLAR-CANADA: TECHS: $1.2595-$1.2610 The Barrier To Fresh Gains
*RES 4: $1.2723 38.2% Fibo of $1.3794-$1.2061, 2% vol band
*RES 3: $1.2663 Aug 31 high
*RES 2: $1.2610 76.4% Fibo of $1.2779-$1.2061, 1% vol band
*RES 1: $1.2595 1.618 swing of $1.2539-$1.2449
*PRICE: $1.2570 @1155GMT
*SUP 1: $1.2520/39 Hourly support, Oct 3 high
*SUP 2: $1.2499 Oct 4 high, now support
*SUP 3: $1.2470/80 Congestion area Oct 4-Oct 5
*SUP 4: $1.2446/49 Initial high Sep 29, Oct 4 low
*COMMENTARY* Have seen a rise to $1.2595, the 1.618 swing target of the recent
$1.2539-$1.2449 fall. Has become overbought in the near term in view of the
rapid rise on Thursday. Now looking towards $1.2539-$1.2520 for initial support,
loss would caution now and suggest that a deeper $1.2499-$1.2470 pullback is
required, as we correct gains from $1.2449. Above $1.2595 and have to deal with
$1.2610, before the way becomes clear for higher again.

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