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

DOLLAR-CANADA: TECHS: Moves From One Side Of Bear Channel To The Other

*RES 4: $1.2556 Jan 4 high

*RES 3: $1.2514 Jan 5 high

*RES 2: $1.2482/84 3 week falling res line,initial low Jan 5, 

*RES 1: $1.2420/35 Intraday high, hourly resistance

*PRICE: $1.2404 @1055GMT

*SUP 1: $1.2355 Jan 5 low

*SUP 2: $1.2322 3 week bear channel base projection

*SUP 3: $1.2315 Max 5th wave tgt in fall from $1.2921

*SUP 4: $1.2264 76.4% Fibo of $1.2061-$1.2921

*COMMENTARY* Last Friday saw a one day fall from one side of the 3 week bear

channel to the other. A low of $1.2355 seen so far. The parameters of this

channel have moved slightly today, the base now coming in at $1.2322, just above

the maximum 5th wave target in the fall from $1.2921, at $1.2315. Beneath which

lies the 76.4% Fibo retrace level at $1.2264. Resistance likely from between

$1.2415-35, above the latter would provide some respite.