TECHS: Buoyant, But Rally Too.........>

DOLLAR-CANADA: TECHS: Buoyant, But Rally Too Shallow

*RES 3: 1.3240 High Dec 11

*RES 2: 1.3205 High Dec 13 and initial key resistance

*RES 1: 1.3186 High Dec 16

*PRICE: 1.3169 @ 16:57 GMT Dec 20

*SUP 1: 1.3103 Low Dec 18

*SUP 2: 1.3075 Low Oct 30

*SUP 3: 1.3042 Low Oct 29 and key support

USDCAD bounced into the close Friday on poor Canadian numbers despite trading

below 1.3115, Dec 16 low on Wednesday. The late-in-the-day rally will have been

insufficient to change the picture, however, and follows Monday's failure to

hold above the 61.8% retracement of the Oct 29 - Nov 20 rally, at 1.3151 leaving

the downside exposed. The break lower paves the way for weakness through 1.3100.

A breach of this level would open 1.3075 and 1.3042. The latter is the Oct 29

low. Resistance is seen at 1.3186 initially ahead of 1.3205.