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Free AccessTECHS: Continues To Meander Within....>
DOLLAR-CANADA: TECHS: Continues To Meander Within Two Week Range
*RES 4: $1.2952 1% volatility band
*RES 3: $1.2925/35 May 15 high, 76.4% of $1.2998-$1.2729
*RES 2: $1.2911/16 May 18, May 23 highs
*RES 1: $1.2890/00 Hourly resistance
*PRICE: $1.2854 @0838GMT
*SUP 1: $1.2835 Hourly support
*SUP 2: $1.2812 Intraday low
*SUP 3: $1.2780 Initial recovery high May 22, now support
*SUP 4: $1.2743 May 22 low
*COMMENTARY* Rallies over the last week or so have been held back by
$1.2925-$1.2935 resistance. It is through the latter that is still required
before the upside will find the basis for any renewed strength. Meanwhile,
congested resistance between $1.2890-1.2916 still stands in the way of near term
gains. As a result, support rises to $1.2835 and then Wednesday's $1.2812 low.
Loss here would concern again
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