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TECHS: Friday's Lower Close Sees......>

DOLLAR-CANADA: TECHS: Friday's Lower Close Sees 'Doji' Candle Close
*RES 4: $1.2745 2% volatility band
*RES 3: $1.2689 Feb 9 high
*RES 2: $1.2664 61.8% Fibo of $1.2921-$1.2249
*RES 1: $1.2623/30 Feb 12 high, hourly resistance
*PRICE: $1.2584 @0940GMT
*SUP 1: $1.2535/47 Hourly support, Feb 8 low
*SUP 2: $1.2491 Feb 6 low, Jan 23 high
*SUP 3: $1.2430 Hourly base Feb 5
*SUP 4: $1.2392/98 Jan 25 high, Feb 5 low
*COMMENTARY* The recovery continued last week resulting in a spike high to
$1.2689 on Friday, before the lower close provided the daily chart with a
potentially bearish 'Doji' candle. Nearest resistance now seen from between
$1.2623-$1.2664 and while below the latter, the near term risk will be for some
further correction of the gains seen since the Jan 31 low at $1.2249. In this
respect. $1.2535-$1.2491 provides initial protection.

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