TECHS: Decline Eyes $1.2264-$1.2253...>

DOLLAR-CANADA: TECHS: Decline Eyes $1.2264-$1.2253 Support

*RES 4: $1.2435 Jan 22 low, now resistance

*RES 3: $1.2392/00 Jan 25 high, Jan 19 low

*RES 2: $1.2355/65 Congestion area Jan 26-30

*RES 1: $1.2348 Intraday high

*PRICE: $1.2289 @1016GMT

*SUP 1: $1.2253/64 1% vol band, 76.4% Fibo of $1.2061-$1.2921

*SUP 2: $1.2214 1.618 swing of $1.2282-$1.2392

*SUP 3: $1.2209 1.618 swing of $1.2355-$1.2591

*SUP 4: $1.2130 2% volatility band

*COMMENTARY* The decline continues, having failed to make any inroads into

$1.2400 resistance. Last week's $1.2282 low has given way, the 76.4% Fibo

retrace level at $1.2264 and the lower 1% volatility band at $1.2253, protecting

the downside from a further $1.2214-$1.2209 fall. These two swing targets

obtained over the course of the month. Resistance meantime, comes from the day's

$1.2348 high and the congested $1.2355-$1.2365 area, below that $1.2400 level.