TECHS: Declines After 76.4% Fibo......>

DOLLAR-CANADA: TECHS: Declines After 76.4% Fibo Retrace Caps Rise

*RES 4: $1.2758/62 Feb 21 high, 76.4% Fibo of $1.2921-$1.2249

*RES 3: $1.2726/28 Feb 23 high, 1% volatility band

*RES 2: $1.2705 Hourly congestion Feb 22-23

*RES 1: $1.2672 Feb 22 low, now resistance

*PRICE: $1.2626 @1018GMT

*SUP 1: $1.2604 50% Fibo of $1.2450-$1.2758

*SUP 2: $1.2557/68 Feb 16 high, 61.8% Fibo of $1.2450-$1.2758

*SUP 3: $1.2523/28 76.4% Fibo of $1.2450-$1.2758, Feb 19 low 

*SUP 4: $1.2476 1% volatility band

*COMMENTARY* The rally was stopped in its tracks at $1.2758 last Wednesday, just

ahead of the 76.4% Fibo retrace level at $1.2762. The subsequent fall now

correcting the most recent rise from $1.2450, with the 50% Fibo retrace level at

$1.2604  the protection against a further $1.2568-$1.2523 fall.  As a result,

resistance slips to $1.2672 initially, $1.2705-$1.2728 above. Below $1.2523 and

the lower 1% volatility band is at $1.2476 today.