TECHS: Last Friday's 'Doji' Candle....>

DOLLAR-CANADA: TECHS: Last Friday's 'Doji' Candle Close Comes Home To Roost

*RES 4: $1.2623/25 Feb 12, Feb 13 highs

*RES 3: $1.2600/05 Congestion area Feb 12-Feb 14

*RES 2: $1.2556 Feb 12 low, now resistance

*RES 1: $1.2533 Hourly base Feb 14, now resistance

*PRICE: $1.2526 @1640GMT

*SUP 1: $1.2465/69 Intraday low, 50% Fibo of $1.2249-$1.2689

*SUP 2: $1.2410/17 1% vol band, 61.8% Fibo of $1.2249-$1.2689

*SUP 3: $1.2392/98 Jan 25 high, Feb 5 low

*SUP 4: $1.2353 76.4% Fibo of $1.2249-$1.2689

*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. The failure since to reclaim levels above

1.2664 has added fuel to the fire, the subsequent loss of $1.2556 opening the

way for some deeper correction of gains seen since the Jan 31 low at $1.2249.

Meanwhile, $1.2533 and that $1.2556 area now provide resistance.