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TECHS: Becalmed For The While Above...>

DOLLAR-CANADA: TECHS: Becalmed For The While Above Pivotal $1.2901 Support
*RES 4: $1.3125 Mar 19 high
*RES 3: $1.3084 1% volatility band
*RES 2: $1.3064/67 2 1/2 year falling res line, Jun 5 high
*RES 1: $1.3028/42 Jun 11, Jun 8 highs
*PRICE: $1.3001 @0913GMT
*SUP 1: $1.2950/55 Hourly support
*SUP 2: $1.2922 Jun 8 low
*SUP 3: $1.2901 Initial recovery high Jun 6, now support
*SUP 4: $1.2858/61 Jun 6 low, 38.2% Fibo of $1.2528-$1.3067
*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 seen a
$1.3042 rise. Support $1.2955-$1.2922 but only beneath $1.2901 will caution.

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