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

DOLLAR-CANADA: TECHS: A Sustained $1.2544 Break Now The Key To Further Rise

*RES 4: $1.2686 1% volatility bans

*RES 3: $1.2641 Jul 20 high

*RES 2: $1.2609 Jul 21 high

*RES 1: $1.2577 Jul 27 high

*PRICE: $1.2538 @1135GMT

*SUP 1: $1.2500/05 Hourly support

*SUP 2: $1.2459 Initial recovery high Jul 26, now support

*SUP 3: $1.2414/26 Jul 26 low, 10 week bear channel base 

*SUP 4: $1.2360 Feb 2015 low

*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.