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TECHS: Bulls Need Close Above.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Bulls Need Close Above 21-DMA
*RES 4: C$1.2879 - Bollinger band top
*RES 3: C$1.2836 - High Nov 21
*RES 2: C$1.2821 - Daily Bear channel top
*RES 1: C$1.2767 - 21-DMA
*PRICE: C$1.2740 @ 1030GMT
*SUP 1: C$1.2661 - Low Oct 25 
*SUP 2: C$1.2655 - Bollinger band base 
*SUP 3: C$1.2612 - Daily Bear channel base 
*SUP 4: C$1.2594 - High Oct 6 now support
*COMMENTARY: Consolidation below the 21-DMA provides bears with confidence but a
close below C$1.2662 is needed to confirm focus on layers of support
C$1.2533-1.2612 where the 55 & 100-DMAs and daily bear channel base are located.
The 21-DMA remains initial resistance with bulls needing a close above to ease
bearish pressure and above C$1.2836 to shift immediate focus to C$1.2914 and
overall focus to the 200-DMA (C$1.2978).

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