TECHS: Continued Rise Breaks..........>

DOLLAR-CANADA: TECHS: Continued Rise Breaks Through 9 Month Bull Channel Top

*RES 4: $1.3377/85 50% $1.4692-$1.2061, 76.4% $1.3794-$1.2061

*RES 3: $1.3364 2% volatility band

*RES 2: $1.3348 Jun 21 high

*RES 1: $1.3311 Intraday high

*PRICE: $1.3289 @0911GMT

*SUP 1: $1.3240/50 Hourly support

*SUP 2: $1.3192/10 Hourly base Jun 18, Jun 15 high

*SUP 3: $1.3159 Jun 18 low

*SUP 4: $1.3121 Hourly low Jun 15

*COMMENTARY* The hold of key $1.2950 support last week has produced a

significant recovery, which yesterday broke above the top of the 9 month bull

channel, at $1.3247 by time today. A high of $1.3311 seen so far, as we approach

the upper 2% volatility band at $1.3364 and then dual Fibo resistance from

between $1.3377-$1.3385. As a consequence, support rises to $1.3250-$1.3240 but

it is the slightly lower $1.3210-$1.3192 area that is currently more important.