TECHS: Breaks Above Recent Range......>

DOLLAR-CANADA: TECHS: Breaks Above Recent Range Highs

*RES 4: $1.2984 76.4% Fibo of $1.3125-$1.2528

*RES 3: $1.2960 1.618 swing of $1.2901-$1.2806

*RES 2: $1.2941/44 Mar 29, Apr 2 highs

*RES 1: $1.2914 Intraday high

*PRICE: $1.2876 @1755GMT

*SUP 1: $1.2830 Hourly support

*SUP 2: $1.2806 Apr 30 low 

*SUP 3: $1.2750 Apr 23 low

*SUP 4: $1.2718 Hourly base Apr 20

*COMMENTARY* Key near term support from $1.2813 got squeezed on Monday, a low of

$1.2806 but was unable as yet to maintain the break. The subsequent recovery has

now taken us back above the recent $1.2897-$1.2901 range top. Clearance of the

latter, allows $1.2941-$1.2960 to come into the picture. Nearest support now

$1.2830 and that $1.2806 low should now hold if a deeper correction of gains

from the Apr 17 low at $1.2528 is to be avoided.