TECHS: Continues To Move Within Two...>

DOLLAR-CANADA: TECHS: Continues To Move Within Two Week Range

*RES 4: $1.2949 1% volatility band

*RES 3: $1.2925/35 May 15 high, 76.4% of $1.2998-$1.2729

*RES 2: $1.2911 May 18 high

*RES 1: $1.2891/98 May 21 high, hourly resistance

*PRICE: $1.2888 @0947GMT

*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 will be required

before the upside will find the basis for any renewed strength. Meanwhile,

congested $1.2891-$1.2911 resistance between still stands in the way of near

term gains. As a result, support rises to $1.2835 and then the day's $1.2812

low. Loss here would concern again