TECHS: $1.2914-$1.2895 Loss Opens.....>

DOLLAR-CANADA: TECHS: $1.2914-$1.2895 Loss Opens Way For Further Correction

*RES 4: $1.3064/67 2 1/2 year falling res line, Jun 5 high

*RES 3: $1.3015 Hourly high Jun 5

*RES 2: $1.2956 Intraday high

*RES 1: $1.2920/24 Hourly resistance

*PRICE: $1.2910 @1430GMT

*SUP 1: $1.2855 Hourly congestion May 15-21

*SUP 2: $1.2809/18 76.4% of $1.2729-$1.3067, May 31 low

*SUP 3: $1.2797 50% Fibo of $1.2528-$1.3067

*SUP 4: $1.2729/34 May 11 low, 61.8% Fibo of $1.2528-$1.3067

*COMMENTARY* Reached $1.3067 on Tuesday, basically a test to the 2 1/2 year

resistance line. Subsequently fell foul of some overbought conditions and have

seen a decent pullback, which today has lost $1.2914-$1.2895 support. This opens

the way for some deeper correction, initially $1.2855, this of gains from the

May 31 low at $1.2818. Resistance, $1.2920-$1.2924 with the day's $1.2956 high

above.