TECHS: $1.2885-$1.2893 Still The......>

DOLLAR-CANADA: TECHS: $1.2885-$1.2893 Still The Bar To Further Gains

*RES 4: $1.2969 Jan 31 low, now resistance

*RES 3: $1.2917/27 Oct 27 high, 50% $1.3794-$1.2061, 1% vol

*RES 2: $1.2909 Nov 30 high

*RES 1: $1.2885/93 Hourly recovery highs Dec 1

*PRICE: $1.2873 @1031GMT

*SUP 1: $1.2813/25 Dec 12 low, hourly support

*SUP 2: $1.2805 Dec 8 low

*SUP 3: $1.2785 Hourly base Dec 6

*SUP 4: $1.2727 Dec 4 high, now support

*COMMENTARY* Held last week, by support from the lower 1% volatility band at

$1.2624. The subsequent recovery was faltering for a while between $1.2705-10

resistance but found the impetus for a break higher on Wednesday. This rally has

surpassed all near term resistance including the 76.4% Fibo retrace at $1.2842.

The $1.2885-$1.2893 area now the remaining barrier to further upside hopes.

Support $1.2825-1.2805, loss would concern.