TECHS: $1.2755-$1.2798 The Next.......>

DOLLAR-CANADA: TECHS: $1.2755-$1.2798 The Next Barriers To Surmount

*RES 4: $1.2874 76.4% Fibo of $1.3016-$1.2414

*RES 3: $1.2815 1.618 swing of $1.2753-$1.2653

*RES 2: $1.2786/98 61.8% Fibo of $1.3016-$1.2414, 1% vol band

*RES 1: $1.2753/55 Aug 11 high, 1.618 swing $1.2715-$1.2651

*PRICE: $1.2739 @1215GMT

*SUP 1: $1.2700 Hourly support

*SUP 2: $1.2677/82 Hourly basing area Aug 14

*SUP 3: $1.2651/53 Aug 8, Aug 11 lows

*SUP 4: $1.2619/29 Aug 3 high, Aug 7 low

*COMMENTARY* The recovery from the month's $1.2414 low continued on Friday,

breaking above the next marker of note, the 50% Fibo retrace level at $1.2715

but faltering on the approach to the swing target at $1.2755, also the upper 1%

volatility band at the time. Overbought near term as a result, support moves up

to $1.2700-$1.2677 ahead of Friday's $1.2651 low. Would anticipate this to hold

any setbacks now, if rally to continue at this juncture.