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TECHS: $1.2925-$1.2935 Break Is Key...>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: $1.2925-$1.2935 Break Is Key To Any Revival
*RES 4: $1.2998 May 8 high
*RES 3: $1.2967 1% volatility band
*RES 2: $1.2925/35 May 15 high, 76.4% of $1.2998-$1.2729
*RES 1: $1.2900/11 Hourly resistance, May 18 high
*PRICE: $1.2869 @0953GMT
*SUP 1: $1.2847 May 17 high, now support
*SUP 2: $1.2791 May 18 low
*SUP 3: $1.2750 May 17 low
*SUP 4: $1.2729 May 11 low
*COMMENTARY* Rallies over the last week or so have been held back by
$1.2925-$1.2935 resistance. It is through the latter that will be required
before the upside will find any renewed strength and for a further
$1.2967-$1.2998 rise. Meanwhile, there is interim resistance from between
$1.2900-$1.2911 to deal with first. Support from above last Thursday's $1.2847
high and then Friday's $1.2791 low, keeps the downside out of trouble for now. 

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