TECHS: Finding Near Term Support......>

DOLLAR-CANADA: TECHS: Finding Near Term Support Above 1% Volatility Band

*RES 4: $1.2725/30 Hourly congestion area Aug 15-16

*RES 3: $1.2692 Aug 17 high

*RES 2: $1.2667 Hourly recovery high Aug 18

*RES 1: $1.2610 Hourly resistance

*PRICE: $1.2589 @1422GMT

*SUP 1: $1.2547/53 1% vol band, 61.8% of $1.2414-$1.2779

*SUP 2: $1.2523 1.618 swing of $1.2588-$1.2693

*SUP 3: $1.2500 76.4% Fibo of $1.2414-$1.2779

*SUP 4: $1.2414 Jul 26, Jul 27 lows

*COMMENTARY* Support has been found recently from above the 61.8% Fibo retrace

level at $1.2553 and especially the lower 1% volatility band, at $1.2547 by time

today. That said, will need to see a move back above $1.2610 before things will

improve in the near term and allow a better correction of losses from last

week's $1.2779 high. Below $1.2547 and the swing target at $1.2523 and the 76.4%

Fibo retrace at $1.2500 then protect the downside from another tilt at $1.2414.