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

DOLLAR-CANADA: TECHS: Correcting Recent $1.3067-$1.2858 Drop

*RES 4: $1.3064/67 2 1/2 year falling res line, Jun 5 high

*RES 3: $1.3018 76.4% Fibo of $1.3067-$1.2858

*RES 2: $1.2987 61.8% Fibo of $1.3067-$1.2858

*RES 1: $1.2963 50% Fibo of $1.3067-$1.2858

*PRICE: $1.2952 @0923GMT

*SUP 1: $1.2885/95 Hourly support

*SUP 2: $1.2858/61 Jun 6 low, 38.2% Fibo of $1.2528-$1.3067

*SUP 3: $1.2809/18 76.4% of $1.2729-$1.3067, May 31 low

*SUP 4: $1.2797 50% Fibo of $1.2528-$1.3067

*COMMENTARY* Reached $1.3067 on Tuesday, basically a test to the 2 1/2 year

resistance line. Subsequently fell foul of some overbought conditions and have

seen a decent pullback, which found support from $1.2858 on Wednesday, just

below the 38.2% Fibo support at $1.2861. The following rally corrects that drop,

having so far reached the 50% retrace level at $1.2963, above and

$1.2987-$1.3018 possible. Back below $1.2885 would caution again.