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

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

*RES 4: $1.2599/08 Aug 23, Aug 21 highs

*RES 3: $1.2575 Congestion area Aug 21-23

*RES 2: $1.2524/40 Aug 22 low, Aug 25 low

*RES 1: $1.2500/10 Hourly resistance

*PRICE: $1.2460 @1249GMT

*SUP 1: $1.2451 Aug 1 low, 1% volatility band

*SUP 2: $1.2414 Jul 26, Jul 27 lows

*SUP 3: $1.2383 1.618 projection target from $1.2692

*SUP 4: $1.2326 2% volatility band

*COMMENTARY* Failure to move above $1.2565-75 coupled with a loss of support

from $1.2500-$1.2478 has instigated a fresh move lower. Now seeking support from

the Aug 1 low and lower 1% volatility band at $1.2451. This now seen as the

protection against a further trip down to the late July low at $1.2414. In the

meantime, $1.2500-10 provides immediate resistance, $1.2524-$1.2540 higher.

Probably need back above $1.2575 however, before things can really improve.