TECHS: Correcting After 76.4% Fibo....>

DOLLAR-CANADA: TECHS: Correcting After 76.4% Fibo Level Caps Gains

*RES 4: $1.3326 Initial pullback low Jun 27, now resistance

*RES 3: $1.3285/90 Congestion Jun 25-Jun 27

*RES 2: $1.3261/68 Jun 22 low, Jun 29 high

*RES 1: $1.3225/42 Jul 2 high, Jun 28 low

*PRICE: $1.3160 @0855GMT

*SUP 1: $1.3150/55 Hourly support

*SUP 2: $1.3126/36 1% vol, Jun 29 low, 38.2% $1.2729-$1.3387

*SUP 3: $1.3114 Jun 15 low

*SUP 4: $1.3067 Jun 5 high, now support

*COMMENTARY* Last month's recovery reached $1.3387 on Jun 27, basically a test

to the 76.4% Fibo retrace level at $1.3385. The latter and the equality rise

target at $1.3404 were the primary contenders to put a halt to the preceding

rise from the May low at $1.2729. Support from $1.3261 has since been lost,

raising corrective concerns, $1.3136-$1.3114 now the protection against a deeper

$1.3067-$1.3047 fall. Nearest resistance $1.3225-$1.3261.