TECHS: $1.2941-$1.2944 On Clearance...>

DOLLAR-CANADA: TECHS: $1.2941-$1.2944 On Clearance Of Fibo Resistance

*RES 4: $1.3001 2% volatility band

*RES 3: $1.2984 76.4% Fibo of $1.3125-$1.2528

*RES 2: $1.2941/44 Mar 29, Apr 2 highs

*RES 1: $1.2897/01 61.8% of $1.3125-$1.2528, intraday high

*PRICE: $1.2861 @1432GMT

*SUP 1: $1.2840 Hourly support

*SUP 2: $1.2813/21 Apr 24, Apr 26 lows

*SUP 3: $1.2750 Apr 23 low

*SUP 4: $1.2676/86 Apr 19 high, initial rally high Apr 20

*COMMENTARY* The rally has extended through the potentially troublesome

$1.2846-$1.2848 region, the subsequent dip to $1.2813 on Tuesday helped to

remove some of the near term overbought conditions. Now looking to clear the

61.8% Fibo retrace at $1.2897, then $1.2941-$1.2944 of more consequence higher.

Hourly support from $1.2840 but $1.2821-$1.2813 of more importance below. Loss

would caution now and suggest the rise was losing momentum.