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TECHS: A $1.2813 Hold Remains.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: A $1.2813 Hold Remains Important To Upside Momentum
*RES 4: $1.2984 76.4% Fibo of $1.3125-$1.2528
*RES 3: $1.2969 2% volatility band
*RES 2: $1.2941/44 Mar 29, Apr 2 highs
*RES 1: $1.2897/98 61.8% of $1.3125-$1.2528, Apr 25 high
*PRICE: $1.2850 @0836GMT
*SUP 1: $1.2830 Hourly support
*SUP 2: $1.2813 Apr 24 low
*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 the 61.8%
Fibo retrace at $1.2897 for next resistance, $1.2941-$1.2948 of more likely
consequence higher. Support $1.2830 but below $1.2813 would caution now and
suggest the rise was losing some momentum, $1.2750 then below.

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