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TECHS: $1.2818-$1.2803 Loss Opens.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: $1.2818-$1.2803 Loss Opens Up Corrective Potential
*RES 4: $1.2914/18 May 1, May 4 highs
*RES 3: $1.2885 Hourly high May 9
*RES 2: $1.2864 Hourly recovery high May 9
*RES 1: $1.2825/30 May 9 low, hourly resistance
*PRICE: $1.2785 @0857GMT
*SUP 1: $1.2763 50% Fibo of $1.2528-$1.2998
*SUP 2: $1.2729 1% volatility band
*SUP 3: $1.2708 61.8% Fibo of $1.2528-$1.2998
*SUP 4: $1.2633/39 Apr 20 low, 76.4% Fibo of $1.2528-$1.2998
*COMMENTARY* Key support from between $1.2818-$1.2803 has been overcome today,
after the briefest of recoveries to $1.2864 late on Wednesday, helped to remove
near term oversold conditions. Next support to watch comes from the 50% Fibo
retrace level at $1.2763, this the protection against a further $1.2729-$1.2708
fall. Resistance falls accordingly, the $1.2825-$1.2830 region, ahead of that
previously mentioned $1.2864 level.

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