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DOLLAR-CANADA: TECHS: Continued Rise Nears 9 Month Bull Channel Top
*RES 4: $1.3377/85 50% $1.4692-$1.2061, 76.4% $1.3794-$1.2061
*RES 3: $1.3348 Jun 21 high
*RES 2: $1.3295 2% volatility band
*RES 1: $1.3261 9 month bull channel projection
*PRICE: $1.3236 @0919GMT
*SUP 1: $1.3180/90 Hourly support
*SUP 2: $1.3160 Jun 18 low
*SUP 3: $1.3110/20 Hourly basing area Jun 14-15
*SUP 4: $1.3052 Jun 13 high, now support
*COMMENTARY* After holding important near term support from above
$1.2950-$1.2921, last Thursday saw a sharp recovery. In turn, this has since
surpassed, $1.3105, $1.3125 and $1.3199 resistance. A high of $1.3251 so far, as
we near the 9 month bull channel top projection at $1.3261. Any higher and the
upper 2% volatility band is at $1.3295 today. In the meantime, any setbacks
should be held between $1.3190-$1.3160, else caution is advised.