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DOLLAR-CANADA: TECHS: Becalmed For The While Above Pivotal $1.2901 Support
*RES 4: $1.3064/67 2 1/2 year falling res line, Jun 5 high
*RES 3: $1.3042 Jun 8 high
*RES 2: $1.3020 Jun 8 hourly highs
*RES 1: $1.2995/00 Hourly resistance
*PRICE: $1.2979 @0955GMT
*SUP 1: $1.2922 Jun 8 low
*SUP 2: $1.2901 Initial recovery high Jun 6, now support
*SUP 3: $1.2858/61 Jun 6 low, 38.2% Fibo of $1.2528-$1.3067
*SUP 4: $1.2818/27 May 31 low, 1% volatility band
*COMMENTARY* Reached $1.3067 last Tuesday, basically a test to the 2 1/2 year
resistance line. Subsequently fell foul of some overbought conditions and have
seen a decent pullback, which found support from $1.2858 on Wednesday, just
below the 38.2% Fibo support at $1.2861. The following rally corrects that drop,
some near term exuberance above the 76.4% Fibo retrace at $1.3018 has been short
lived. Meanwhile, only back beneath $1.2901 will caution.