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TECHS: Decline Still Held By..........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Decline Still Held By $1.3114-$1.3110 Support
*RES 4: $1.3290 Jul 19-Jul 20 highs
*RES 3: $1.3246 Initial pullback Jul 20, now resistance
*RES 2: $1.3227 Hourly base Jul 19, now resistance
*RES 1: $1.3190/00 Hourly resistance
*PRICE: $1.3161 @1530GMT
*SUP 1: $1.3110/14 Jul 16, 17, 20, and 23 lows
*SUP 2: $1.3065/67 Jul 11 low, Jun 5 high
*SUP 3: $1.3058 50% Fibo of $1.2729-$1.3387
*SUP 4: $1.3045 1% volatility band
*COMMENTARY* Last week's rally was constrained by $1.3290, the upper 1%
volatility band at the time, falling shy of a test to the next key resistance
level, the 76.4% Fibo retrace at $1.3311. This of the $1.3387-$1.3065 fall
between Jun 27 and Jul 11. While capped here, the risk will be for a look at
$1.3114-$1.3110 support. The latter the protection against another $1.3065
decline and perhaps $1.3058-$1.3045. Resistance from $1.3190-$1.3200.  

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