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TECHS: Fresh Fall Targets The.........>

DOLLAR-CANADA: TECHS: Fresh Fall Targets The $1.2593-$1.2584 Area Next
*RES 4: $1.2765/70 Congestion area Apr 5-Apr 9
*RES 3: $1.2733 Apr 6 low, now resistance
*RES 2: $1.2710 Intraday high
*RES 1: $1.2665/75 Hourly resistance
*PRICE: $1.2604 @1625GMT
*SUP 1: $1.2584/93 61.8% $1.2249-$1.3125, 50% $1.2061-$1.3125
*SUP 2: $1.2549 2% volatility band
*SUP 3: $1.2467 Feb 26 low
*SUP 4: $1.2450/56 Feb 16 low76.4% Fibo of $1.2249-$1.3125
*COMMENTARY* The prospect of a head and shoulders top has grown this week,
failure at $1.2815-$1.2820 the likely catalyst. This has subsequently seen
$1.2735-$1.2685 support give way, the Feb 26 low at $1.2615 currently under
assault. Sustained loss here brings $1.2593-$1.2584 into consideration next,
ahead of the lower 2% volatility band at $1.2549 today. Resistance falls to
$1.2665-$1.2675 but the day's $1.2710 high a stronger barrier above. 

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