TECHS: Key Support Squeezed But.......>

DOLLAR-CANADA: TECHS: Key Support Squeezed But Back Within Recent Range

*RES 4: $1.2984 76.4% Fibo of $1.3125-$1.2528

*RES 3: $1.2960 1.618 swing of $1.2901-$1.2806

*RES 2: $1.2941/44 Mar 29, Apr 2 highs

*RES 1: $1.2897/01 61.8% of $1.3125-$1.2528, Apr 27 high

*PRICE: $1.2864 @0901GMT

*SUP 1: $1.2806/13 Apr 30, Apr 24 lows 

*SUP 2: $1.2750 Apr 23 low

*SUP 3: $1.2718 Hourly base Apr 20

*SUP 4: $1.2676/86 Apr 19 high, initial rally high Apr 20

*COMMENTARY* Key near term support from $1.2813 got squeezed on Monday, a low of

$1.2806 but was unable as yet to maintain the break. The subsequent recovery

takes us back within the recent well worn range beneath $1.2897-$1.2901. Need to

clear the latter, before $1.2941-$1.2960 can come into the picture. A sustained

loss of $1.2813-$1.2806 would caution now and open the way for some deeper

correction of gains from the Apr 17 low at $1.2528.