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

DOLLAR-CANADA: TECHS: Correction Continues, $1.2819-$1.2848 Next Resistance
*RES 4: $1.2897 61.8% Fibo of $1.3125-$1.2528
*RES 3: $1.2887 2% volatility band
*RES 2: $1.2846/48 76.4% Fibo of $1.2944-$1.2528, Apr 4 high
*RES 1: $1.2819/26 Apr 9 high, 50% Fibo of $1.3125-$1.2528
*PRICE: $1.2790 @0916GMT
*SUP 1: $1.2730 Hourly support
*SUP 2: $1.2686 Hourly high Apr 20, now support
*SUP 3: $1.2660 Apr 18 high, now support
*SUP 4: $1.2633 Apr 20 low
*COMMENTARY* Has continued it's recovery from last Tuesday's dip to $1.2528 and
a test to the lower 1% volatility band. Friday's move through $1.2785 has given
the upside further impetus, as we now head toward the Apr 19 high at $1.2819 and
the 50% Fibo retrace level at $1.2826. Higher and the $1.2846-$1.2848 area can
prove troublesome next. As a result, support rises to $1.2730, loss would
caution, bringing $1.2686-$1.2660 into the picture.

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