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

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

*RES 4: $1.3261/68 Jun 22 low, Jun 29 high

*RES 3: $1.3225/42 Jul 2 high, Jun 28 low

*RES 2: $1.3195 Hourly congestion Jul 2-Jul 3

*RES 1: $1.3176 Hourly recovery high Jul 3

*PRICE: $1.3133 @0734GMT

*SUP 1: $1.3112/14 Jul 4, Jun 15 lows

*SUP 2: $1.3067/71 Jun 5 high, 1.618 swing $1.3130-$1.3225

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

*SUP 4: $1.2980 61.8% Fibo of $1.2729-$1.3387

*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, $1.3114-$1.3112 now the protection against a deeper

$1.3067-$1.3058 fall. Nearest resistance $1.3176-$1.3195, then $1.3225 above.