TECHS: Decline Tests Lower 1%.........>

DOLLAR-CANADA: TECHS: Decline Tests Lower 1% Volatility Band

*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: $1.2301 @1730GMT

*SUP 1: $1.2249/53 Intraday low, 1% volatility band

*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 also, with the lower 1% volatility band at $1.2253,

protecting the downside from a further fall towards two $1.2214-$1.2209 swing

targets. Resistance meantime, comes from the day's $1.2348 high and the

congested $1.2355-$1.2365 area, below that $1.2400 level.