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

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Last Friday's Lower Close Sees 'Doji' Candle Close
*RES 4: $1.2762 76.4% Fibo of $1.2921-$1.2249
*RES 3: $1.2689 Feb 9 high
*RES 2: $1.2664 61.8% Fibo of $1.2921-$1.2249
*RES 1: $1.2650 Intraday high
*PRICE: $1.2591 @1518GMT
*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 key resistance now seen from below
1.2664 and while this caps, 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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