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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.

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