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TECHS: $1.2807 Hold Allows Another....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: $1.2807 Hold Allows Another Push Higher
*RES 4: $1.3015/16 Jul 5, Jul 3 highs
*RES 3: $1.2984 1.618 swing of $1.2917-$1.2808
*RES 2: $1.2964/69 2% volatility band, Jan 31 low
*RES 1: $1.2917/27 Oct 27 high, 50% Fibo of $1.3794-$1.2061
*PRICE: $1.2894 @1638GMT
*SUP 1: $1.2835 Hourly support
*SUP 2: $1.2807/08 23.6% Fibo of $1.2451-$1.2917, Oct 27 low
*SUP 3: $1.2781 Oct 26 low
*SUP 4: $1.2739 38.2% Fibo of $1.2451-$1.2917
*COMMENTARY* Friday saw a brief spike above the upper 2% volatility band, now at
$1.2964 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,
there is scope to regroup and another attempt higher. Meanwhile, $1.2835
provides interim support.

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