TECHS: A $1.2813 Hold Is Important....>

DOLLAR-CANADA: TECHS: A $1.2813 Hold Is Important To Upside Momentum

*RES 4: $1.2984 76.4% Fibo of $1.3125-$1.2528

*RES 3: $1.2948 2% volatility band

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

*RES 1: $1.2897 61.8% Fibo of $1.3125-$1.2528

*PRICE: $1.2857 @0904GMT

*SUP 1: $1.2813 Apr 24 low

*SUP 2: $1.2771/75 Apr 20 high, hourly base Apr 23

*SUP 3: $1.2735 Hourly basing area Apr 20

*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, a high of $1.2868 seen so far today, after the dip to

$1.2813 yesterday helped to remove some of the near term overbought conditions.

Now looking to the 61.8% Fibo retrace at $1.2897 for next resistance,

$1.2941-$1.2948 of more likely consequence higher. Below $1.2813 would caution

now and suggest the rise was losing some momentum, $1.2775-$1.2735 then below.