TECHS: Fall Nears Long Term 50%.......>

DOLLAR-CANADA: TECHS: Fall Nears Long Term 50% Fibo Retrace Level At $1.2050

*RES 4: $1.2336 Sep 5 low, now resistance

*RES 3: $1.2252 Hourly recovery high Sep 6

*RES 2: $1.2205/10 Hourly basing Sep 6, now resistance

*RES 1: $1.2170/80 Hourly resistance

*PRICE: $1.2144 @1247GMT

*SUP 1: $1.2080/85 Hourly support

*SUP 2: $1.2050/61 50% Fibo of 0.9408-$1.4692, Sep 8 low

*SUP 3: $1.2015 May 18 2015 low

*SUP 4: $1.1940 May 4 2015 low

*COMMENTARY* Fell sharply again last Friday, losing support from the lower 2%

volatility band, now at $1.2056 by time today. This is not normally a long lived

situation so caution advised. Has also lost support from the 1.618 projection

target at $1.2116, as we headed down towards the long term Fibo retrace level at

$1.2050. Not surprisingly oversold in the near term, resistance from $1.2170-80

but back above $1.2205-10 currently needed to inspire any recovery hopes.