TECHS: Downside Risk Remains While....>

DOLLAR-CANADA: TECHS: Downside Risk Remains While Below $1.2800-$1.2815 

*RES 4: $1.2901 Hourly high May 9

*RES 3: $1.2870 Hourly low May 9, now resistance

*RES 2: $1.2842 Hourly recovery high May 10

*RES 1: $1.2800/15 Hourly resistance, hourly high May 10

*PRICE: $1.2753 @0843GMT

*SUP 1: $1.2742 May 10 low

*SUP 2: $1.2708/19 61.8% Fibo of $1.2528-$1.2998, 1% vol band

*SUP 3: $1.2697 1.618 swing of $1.2742-$1.2815

*SUP 4: $1.2633/39 Apr 20 low, 76.4% Fibo of $1.2528-$1.2998

*COMMENTARY* Key support from between $1.2818-$1.2803 was overcome Thursday,

after the briefest of recoveries to $1.2864 late on Wednesday, helped to remove

near term oversold conditions. A low of $1.2742 on the day, before again some

near term oversold conditions came to the rescue. Resistance falls accordingly,

$1.2800-$1.2815 initially. Back above the latter would spark a correction of

losses from $1.2998. Lose $1.2742 and $1.2719-$1.2697 next.