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

DOLLAR-CANADA: TECHS: Finding Near Term Support Around 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: $1.2599/08 Aug 23, Aug 21 highs

*PRICE: $1.2529 @1043GMT

*SUP 1: $1.2523/24 1.618 swing of $1.2588-$1.2693, Aug 22 low

*SUP 2: $1.2500 76.4% Fibo of $1.2414-$1.2779, 1% vol band

*SUP 3: $1.2451/78 Aug 1 low, 1.618 swing of $1.2524-$1.2599

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

*COMMENTARY* Support has been found recently from around the the lower 1%

volatility band, at $1.2500 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 the swing

target at $1.2523 and the 76.4% Fibo retrace at $1.2500, look to $1.2478-$1.2451

to then protect the downside from another tilt at $1.2414.