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TECHS: Moves From One Side Of Bear....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Moves From One Side Of Bear Channel To The Other
*RES 4: $1.2556 Jan 4 high
*RES 3: $1.2514 Intraday high, 3 week falling res line
*RES 2: $1.2484 Initial intraday lows
*RES 1: $1.2415/35 Hourly resistance
*PRICE: $1.2392 @1520GMT
*SUP 1: $1.2350 3 week bear channel base projection
*SUP 2: $1.2315 Max 5th wave tgt in fall from $1.2921, 2% vol
*SUP 3: $1.2264 76.4% Fibo of $1.2061-$1.2921
*SUP 4: $1.2255 Sep 22 low
*COMMENTARY* Have basically seen a one day fall from one side of the 3 week bear
channel at $1.2514, towards the base at $1.2350 by time today. This has bypassed
anticipated support from $1.2433 and then $1.2390. If the fall continues, then
look to the lower 2% volatility band and maximum 5th wave target in the fall
from $1.2921, which are grouped together at $1.2315. Beneath which lies the
76.4% Fibo retrace level at $1.2264. Resistance likely from  $1.2415-35.

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