TECHS: $1.2666 Loss Would Open Way....>

DOLLAR-CANADA: TECHS: $1.2666 Loss Would Open Way For Deeper Fall

*RES 4: $1.2837 Nov 21 high

*RES 3: $1.2800/05 Hourly congestion Nov 20-21

*RES 2: $1.2776 Nov 22 high

*RES 1: $1.2748 Nov 24 high

*PRICE: $1.2686 @1043GMT

*SUP 1: $1.2666/73 Nov 10, Nov 23 lows

*SUP 2: $1.2618/24 61.8% of $1.2433-$1.2917, 1% vol band

*SUP 3: $1.2600 Oct 6 high, now support

*SUP 4: $1.2560 1.618 swing of $1.2666-$1.2837

*COMMENTARY* The recovery from the month's earlier $1.2666 low made it to

$1.2837 last Tuesday, briefly spiking the Nov 7 high and 61.8% Fibo retrace

level at $1.2820 but shy of $1.2860. Has subsequently retreated, the 76.4% Fibo

retrace at 1.2743 giving way, leaving that Nov 10 low at $1.2666 to protect

against a further $1.2618-$1.2560 fall. Meanwhile, $1.2748 now provides

resistance against a $1.2776-$1.2805 recovery.