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TECHS: $1.2885-$1.2893 The Bar To.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: $1.2885-$1.2893 The Bar To $1.2904-$1.2927 Return
*RES 4: $1.2969 Jan 31 low, now resistance
*RES 3: $1.2917/27 Oct 27 high, 50% of $1.3794-$1.2061
*RES 2: $1.2904/09 1% volatility band, Nov 30 high
*RES 1: $1.2885/93 Hourly recovery highs Dec 1
*PRICE: $1.2840 @1711GMT
*SUP 1: $1.2805/10 Hourly support
*SUP 2: $1.2775/85 Hourly basing area Dec 6
*SUP 3: $1.2727 Dec 4 high, now support
*SUP 4: $1.2707 Initial high Dec 6, now support
*COMMENTARY* Held on Tuesday, 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 $1.2810-1.2775 loss would concern.

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