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

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

*RES 4: $1.2692 Aug 17 high

*RES 3: $1.2667 Hourly recovery high Aug 18

*RES 2: $1.2635/40 Congestion area Aug 17-18

*RES 1: $1.2608 Aug 21 high

*PRICE: $1.2587 @1052GMT

*SUP 1: $1.2537/47 1% volatility band, intraday low

*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 the lower 1%

volatility band, at $1.2537 by time today. That said, will need to see a move

back above $1.2608 before things will improve in the near term and allow a

better correction of losses from last week's $1.2779 high. Below $1.2537 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.