TECHS: $1.2936 Support Becomes........>

DOLLAR-CANADA: TECHS: $1.2936 Support Becomes Pivotal To Direction

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

*RES 3: $1.3042 Intraday high

*RES 2: $1.3020 Intraday hourly highs

*RES 1: $1.2985/95 Hourly resistance

*PRICE: $1.2963 @1550GMT

*SUP 1: $1.2936 Jun 7 low

*SUP 2: $1.2901 Initial recovery high Jun 6, now support

*SUP 3: $1.2858/61 Jun 6 low, 38.2% Fibo of $1.2528-$1.3067

*SUP 4: $1.2818/28 May 31 low, 1% volatility band

*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 found support from $1.2858 on Wednesday, just

below the 38.2% Fibo support at $1.2861. The following rally corrects that drop,

some near term exuberance above the 76.4% Fibo retrace at $1.3018 has been short

lived. Meanwhile, only back beneath $1.2936 will caution.