TECHS: Loss of $1.2446 Support........>

DOLLAR-CANADA: TECHS: Loss of $1.2446 Support Would Caution Now

*RES 4: $1.2584 1.618 swing of $1.2520-$1.2417

*RES 3: $1.2551 1% volatility band

*RES 2: $1.2539 Oct 3 high

*RES 1: $1.2500 Hourly resistance

*PRICE: $1.2480 @1552GMT

*SUP 1: $1.2446 Initial high Sep 29, now support

*SUP 2: $1.2413/17 Sep 26 high, Sep 28,29 lows

*SUP 3: $1.2356 38.2% Fibo of $1.2061-$1.2539

*SUP 4: $1.2300/03 50% of $1.2061-$1.2539, 1% vol band

*COMMENTARY* Broke through the difficult $1.2414-$1.2441 region last week and

has spent the subsequent time trying to break free of the next barrier at

$1.2521, the 76.4% Fibo retrace of the $1.2663-$1.2061 fall, seen early last

month. A high of $1.2539 so far, overbought in the near term, pullbacks likely

to meet with support from above 1.2446, loss would caution but $1.2417-$1.2413

the key area now. Nearest resistance now $1.2490-$1.2500.