TECHS: Feb 23 High At $1.2726 The.....>

DOLLAR-CANADA: TECHS: Feb 23 High At $1.2726 The Bar To Continued Recovery

*RES 4: $1.2846 1.618 swing of $1.2758-$1.2615

*RES 3: $1.2758/62 Feb 21 high, 76.4% Fibo of $1.2921-$1.2249

*RES 2: $1.2726 Feb 23 high

*RES 1: $1.2712 Feb 26 high

*PRICE: $1.2692 @0950GMT

*SUP 1: $1.2640/50 Hourly support

*SUP 2: $1.2604/15 50% of $1.2450-$1.2758, Feb 26 low

*SUP 3: $1.2557/68 Feb 16 high, 61.8% Fibo of $1.2450-$1.2758

*SUP 4: $1.2523/28 76.4% Fibo of $1.2450-$1.2758, Feb 19 low 

*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 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

now moves to $1.2712-$1.2726. Support from $1.2650-$1.2640 protects against

another push lower.