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TECHS: $1.2641-$1.2644 The Key Near...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: $1.2641-$1.2644 The Key Near Term Resistance Area
*RES 4: $1.2715 50% Fibo of $1.3016-$1.2414
*RES 3: $1.2641/44 Jul 20 high, 38.2% of $1.3016-$1.2414
*RES 2: $1.2609 Jul 21 high
*RES 1: $1.2590 Intraday high
*PRICE: $1.2549 @1122GMT
*SUP 1: $1.2520/30 Hourly support
*SUP 2: $1.2485 Congestion area Jul 31-Aug 1
*SUP 3: $1.2446 Jul 31 low
*SUP 4: $1.2395/14 1% vol atility band, Jul 27 low
*COMMENTARY* The recovery from last week's $1.2414 low continues, a high of
$1.2590 so far today, as we approach next resistance from the Jul 21 high at
$1.2609. Any higher and the $1.2641-$1.2644 area is considered stronger, as it
also contains the upper 1% volatility band by time today. Currently correcting
some overbought hourly conditions, with $1.2520-30 offering nearest support,
ahead of more important levels between $1.2485-$1.2446.

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