TECHS: Bullish Theme Intact Above.....>

DOLLAR-CANADA: TECHS: Bullish Theme Intact Above Monday's Low

*RES 4: 1.3205 High Dec 13

*RES 3: 1.3181 High Dec 20 and key resistance

*RES 2: 1.3166 50-dma

*RES 1: 1.3105 High Jan 9

*PRICE: 1.3043 @ 16:48 GMT Jan 15

*SUP 1: 1.3026 Low Jan 9

*SUP 2: 1.2976 Low Jan 8

*SUP 3: 1.2952 Low Dec 31 and bear trigger

*SUP 4: 1.2917 Low Oct 16

The focus is on the upside following last week's break of resistance at 1.3042

and 1.3070 suggesting a potential base at the recent 1.2952 low from Dec 31. If

correct, this signals scope for a recovery above 1.3100 towards the 50-dma at

1.3166. A failure though to hold onto highs and a return below 1.3000 would

offset the bullish implications of recent gains and expose key support at

1.2952. A break here would open 1.2917.