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TECHS: $1.2821-$1.2813 Provides.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: $1.2821-$1.2813 Provides Important Near Term Support
*RES 4: $1.3026 2% volatility band
*RES 3: $1.2984 76.4% Fibo of $1.3125-$1.2528
*RES 2: $1.2941/44 Mar 29, Apr 2 highs
*RES 1: $1.2897/01 61.8% of $1.3125-$1.2528, Apr 27 high
*PRICE: $1.2858 @0916GMT
*SUP 1: $1.2813/21 Apr 24, Apr 26 lows
*SUP 2: $1.2750 Apr 23 low
*SUP 3: $1.2718 Hourly base Apr 20
*SUP 4: $1.2676/86 Apr 19 high, initial rally high Apr 20
*COMMENTARY* Extended through $1.2846-$1.2848 last week, an interim dip to
$1.2813 helping to remove some of the near term overbought conditions. Now
looking to clear the 61.8% Fibo retrace at $1.2897, then $1.2941-$1.2944 of more
consequence higher. Support currently comes from $1.2821 and that $1.2813. A
loss would caution now and suggest the rise was losing momentum and open the way
for some deeper correction of gains from the Apr 17 low at $1.2528.

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