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TECHS: A Sustained $1.2544 Break......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: A Sustained $1.2544 Break Now The Key To Further Rise
*RES 4: $1.2696 1% volatility bans
*RES 3: $1.2641 Jul 20 high
*RES 2: $1.2609 Jul 21 high
*RES 1: $1.2544 Jul 26 high
*PRICE: $1.2523 @1705GMT
*SUP 1: $1.2445/55 Hourly support
*SUP 2: $1.2414/26 Jul 26 low, 10 week bear channel base 
*SUP 3: $1.2360 Feb 2015 low
*SUP 4: $1.2315 2% volatility band
*COMMENTARY* The decline has broken below the 2.618 projection target at
$1.2485, then not giving the May 2016 low at $1.2461 a sideways glance, before
heading toward and slightly through the 10 week bear channel base. Heavily
oversold as a result in the near term and the previously supportive $1.2500-05
area, now resistance has been breached. Above provides some respite, a sustained
1.2544 break then the key to a further $1.2609 rise.

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