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TECHS: Correcting Recent..............>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Correcting Recent $1.2451-$1.2917 Gains
*RES 4: $1.2862/70 Oct 30 high, congestion lows Nov 1
*RES 3: $1.2836 Nov 3 high
*RES 2: $1.2799/08 Nov 2, Oct 27 lows
*RES 1: $1.2780/85 Hourly resistance
*PRICE: $1.2758 @1019GMT
*SUP 1: $1.2715 Nov 3 low
*SUP 2: $1.2679/84 1% vol band, 50% Fibo of $1.2451-$1.2917
*SUP 3: $1.2629/34 61.8% of $1.2451-$1.2917, Oct 25 low
*SUP 4: $1.2600 Oct 6 high, now support
*COMMENTARY* The end of last month saw the upside move toward the 50% Fibo
retrace level at $1.2927. A high of $1.2917 twice, before succumbing to some
overbought conditions. Has since broken below $1.2799-$1.2781 support which
opens up corrective potential of recent gains from $1.2451. A low of $1.2715 so
far, ahead of next $1.2684-$1.2679 support area. Resistance $1.2780 and then the
$1.2799-$1.2808 previous lows.

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