TECHS: Corrects By 38.2% As $1.2893...>

DOLLAR-CANADA: TECHS: Corrects By 38.2% As $1.2893 Resistance Caps Again

*RES 4: $1.2969 Jan 31 low, now resistance

*RES 3: $1.2917/27 Oct 27 high, 50% $1.3794-$1.2061, 1% vol

*RES 2: $1.2893 Hourly recovery high Dec 1, Dec 12 high

*RES 1: $1.2865/70 Hourly resistance

*PRICE: $1.2833 @1315GMT

*SUP 1: $1.2790/92 38.2% of $1.2624-$1.2893, Dec 13 low

*SUP 2: $1.2758 50% Fibo of $1.2624-$1.2893

*SUP 3: $1.2727 61.8% Fibo of $1.2624-$1.2893, Dec 4 high

*SUP 4: $1.2670/87 1% volatility band, 76.4% Fibo retrace

*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 small

pullback so far, which has reached towards the 38.2% Fibo retrace level at

$1.2790. This of the recent rise from the month's $1.2624 low. Will need to see

gains back above $1.2865-$1.2870 to currently remove the threat of a continued

correction, with $1.2758-$1.2721 then the next region of support.