TECHS: Decline Held By Lower 1%.......>

DOLLAR-CANADA: TECHS: Decline Held By Lower 1% Volatility Band

*RES 4: $1.3055 Highs/lows Mar 19-21, 76.4% Fibo retrace

*RES 3: $1.3010/12 Initial low Mar 21, 61.8% Fibo retrace

*RES 2: $1.2976/77 Hourly recovery high Mar 21, 50% Fibo

*RES 1: $1.2943/49 38.2% Fibo of $1.3125-$1.2830, Mar 22 high 

*PRICE: $1.2925 @0943GMT

*SUP 1: $1.2860/75 Hourly support

*SUP 2: $1.2830/50 Mar 22 low, 1% volatility band

*SUP 3: $1.2803 Mar 12 low

*SUP 4: $1.2790 38.2% Fibo of $1.2249-$1.3125

*COMMENTARY* The fallout from Monday's test to the swing target at $1.3125 has

been rapid. Thursday's extended fall below $1.2877 support finding some respite

from the lower 1% volatility band, $1.2830 at the time. Has become oversold in

the near term and the break back above $1.2900-$1.2905 allows the chance of a

greater correction of those losses from $1.3125. Support now $1.2875-$1.2860 but

below $1.2830 and $1.2803-$1.2790 next supports.