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TECHS: $1.2685-$1.2723 Potential On...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: $1.2685-$1.2723 Potential On Break Above $1.2663
*RES 4: $1.2779/83 Aug 15 high, 2% volatility band
*RES 3: $1.2723 38.2% Fibo of $1.3794-$1.2061
*RES 2: $1.2703 1.618 swing of $1.2600-$1.2433
*RES 1: $1.2685 Hourly resistance
*PRICE: $1.2661 @0937GMT
*SUP 1: $1.2614/22 Oct 23, intraday lows
*SUP 2: $1.2591 Oct 17 high, now support
*SUP 3: $1.2530/35 Hourly congestion area Oct 16-18
*SUP 4: $1.2520 Initial recovery high Oct 20, now support
*COMMENTARY* Now seeing an assault on the Aug 31 high at $1.2663, through here
and look to $1.2685 next, as we head towards the swing target at $1.2703 and
especially the 38.2% Fibo retrace level at $1.2723. In the meantime, support
rises slightly to $1.2622-$1.2614, loss of the latter would disappoint now and
suggest upside momentum is waning and some better correction of gains from
$1.2451 is required.

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