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TECHS: $1.2921-$1.2948 A Potential....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: $1.2921-$1.2948 A Potential Near Term Cap
*RES 4: $1.3083 6 month bull channel top projection
*RES 3: $1.3017 2% volatility band
*RES 2: $1.2948 1.618 swing of $1.2895-$1.2809
*RES 1: $1.2921/23 Dec 19 high, equality rise from $1.2615
*PRICE: $1.2895 @1110GMT
*SUP 1: $1.2835/50 Hourly support
*SUP 2: $1.2809 Mar 1 low
*SUP 3: $1.2758 Feb 22 high, now support
*SUP 4: $1.2732 Hourly basing area Feb 27
*COMMENTARY* The rally once again testing toward the previous $1.2921 high from
Dec 19 last year, this joined by the equality rise target at $1.2923 and the
swing target at $1.2948, provide a potential near term ceiling at present. While
capped below here, look to $1.2850-$1.2835 for support. Loss of the latter would
concern now, ahead of last Thursday's $1.2809 base. Directly through $1.2948 and
not much before the 2% volatility band at $1.3017.
MarketsForeign Exchange News
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