TECHS: Decline So Far Held Around.....>

DOLLAR-CANADA: TECHS: Decline So Far Held Around Lower 1% Volatility Band

*RES 4: $1.3010 61.8% of $1.3125-$1.2825, hourly low Mar 21

*RES 3: $1.2975/76 50% Fibo, Hourly recovery high Mar 21 

*RES 2: $1.2940/49 38.2% Fibo of $1.3125-$1.2825, Mar 22 high 

*RES 1: $1.2920/25 Hourly congestion Mar 22-23

*PRICE: $1.2869 @1714GMT

*SUP 1: $1.2824/45 Mar 23 low, 1% volatility band

*SUP 2: $1.2803 Mar 12 low

*SUP 3: $1.2790 38.2% Fibo of $1.2249-$1.3125

*SUP 4: $1.2756/58 1.618 swing $1.2830-$1.2949, Feb 22 high

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

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

from around the lower 1% volatility band. Became oversold in the near term and

the subsequent recovery has so far seen a rise to the 38.2% retrace of those

losses from $1.3125. Below $1.2824 and $1.2803-$1.2790 next supports, ahead of

dual $1.2758-$1.2756 area.