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Expiries for Nov16 NY cut 1000ET (Source DTCC)

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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: $1.2609 @0840GMT
*SUP 1: $1.2544/52 Apr 11 low, 1% volatility band
*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
*COMMENTARY* The prospect of a head and shoulders top grew last 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 then the Feb 16 low at $1.2450. Resistance from $1.2624,
above would help and allow some better correction of recent losses.

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