TECHS: $1.2624 Remains The Bar To.....>

DOLLAR-CANADA: TECHS: $1.2624 Remains The Bar To Any Recovery Prospects

*RES 4: $1.2717 Hourly recovery high Apr 9

*RES 3: $1.2674 Initial low Apr 10, now resistance

*RES 2: $1.2650 Hourly base Apr 10, now resistance

*RES 1: $1.2624 Apr 11 high

*PRICE: $1.2564 @0949GMT

*SUP 1: $1.2544/60 Apr 11 low, hourly support

*SUP 2: $1.2467 61.8% Fibo of $1.2061-$1.3125

*SUP 3: $1.2456 76.4% Fibo of $1.2249-$1.3125

*SUP 4: $1.2450 Feb 16 low, 2% volatility band

*COMMENTARY* The prospect of a head and shoulders top has grown this week,

failure at $1.2815-$1.2820 the initial catalyst. This has subsequently seen

$1.2685-$1.2615 support give way, followed by $1.2593-$1.2584 on Wednesday. A

low of  $1.2544 so far, below and not much ahead of an eventual test to Fibo

supports between $1.2467-$1.2456 and the lower 2% volatility band which joins

the Feb 16 low at $1.2450 today. Resistance from $1.2624, above would help.