TECHS: Correcting After 1%............>

DOLLAR-CANADA: TECHS: Correcting After 1% Volatility Band Caps Gains

*RES 4: $1.3246 Initial pullback Jul 20, now resistance

*RES 3: $1.3227 Hourly base Jul 19, now resistance

*RES 2: $1.3190/00 Hourly resistance

*RES 1: $1.3160/65 Jul 19 low, hourly recovery Jul 20

*PRICE: $1.3136 @0835GMT

*SUP 1: $1.3110/18 Jul 16 Jul 17 lows, 76.4% $1.3065-$1.3290

*SUP 2: $1.3065/67 Jul 11 low, Jun 5 high

*SUP 3: $1.3058 50% Fibo of $1.2729-$1.3387

*SUP 4: $1.3039 1% volatility band

*COMMENTARY* Last week's rally was constrained at $1.3290 by the upper 1%

volatility band, also falling shy of a test to the next key resistance level,

the 76.4% Fibo retrace at $1.3311. This of the $1.3387-$1.3065 fall between Jun

27 and Jul 11. While capped between here, the risk will be for lower and another

look at $1.3118-$1.3110 support. The latter the protection against another

$1.3065 decline and perhaps $1.3058-$1.3039. Resistance from $1.3160-$1.3200.