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TECHS: $1.2807-$1.2781 Provides Key...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: $1.2807-$1.2781 Provides Key Near Term Support
*RES 4: $1.3015/16 Jul 5, Jul 3 highs
*RES 3: $1.2969 Jan 31 low, now resistance
*RES 2: $1.2917/27 Oct 27 high, 50% Fibo of $1.3794-$1.2061
*RES 1: $1.2880/90 Hourly resistance
*PRICE: $1.2827 @1040GMT
*SUP 1: $1.2807 23.6% Fibo of $1.2451-$1.2917
*SUP 2: $1.2781 Oct 26 low
*SUP 3: $1.2739 38.2% Fibo of $1.2451-$1.2917
*SUP 4: $1.2684 50% Fibo of $1.2451-$1.2917
*COMMENTARY* Friday saw a brief spike above the upper 2% volatility band, at
$1.2923 by time today, as the upside moved to chase down the 50% Fibo retrace
level at $1.2927. A high of $1.2917 before succumbing to some overbought hourly
conditions. Now looking to $1.2807-$1.2781 support for next clues. While above,
look to $1.2880-90 for resistance now, Loss however will caution and signal that
a deeper correction of gains from the Oct 19 low at $1.2451, is required.
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