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TECHS: Correction Continues,..........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Correction Continues, $1.2687-$1.2665 Key Support
*RES 4: $1.2850/55 Congestion area Dec 7-Dec 13
*RES 3: $1.2825/30 Series hourly lows Early Dec, now res'tce
*RES 2: $1.2816/17 Hourly low, recovery high Dec 14
*RES 1: $1.2785/90 Hourly resistance
*PRICE: $1.2751 @1106GMT
*SUP 1: $1.2714/27 Dec 14 low, 61.8% Fibo of $1.2624-$1.2893
*SUP 2: $1.2687 76.4% Fibo of $1.2624-$1.2893
*SUP 3: $1.2665 1% volatility band
*SUP 4: $1.2624 Dec 5 low
*COMMENTARY* Has found $1.2893 resistance too strong as yet, to mount another
challenge to the key $1.2917-$1.2927 area. As a result, we have seen a pullback,
which having lost support from the 38.2% Fibo retrace level at $1.2790 on
Thursday, has accelerated to $1.2714 so far, just below the 61.8% retrace at
$1.2727. This and the $1.2687-$1.2665 area present important near term support
now. In the interim, 1.2785-90 resists against a further $1.2816-$1.2855 rise.
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