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

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: $1.2669 @1615GMT

*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* Have seen an assault on the Aug 31 high at $1.2663 today, 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.