TECHS: Near Term Direction Still......>

DOLLAR-CANADA: TECHS: Near Term Direction Still Revolves Around 1.2854

*RES 4: $1.3109 Equality rise from $1.2249 to $1.2061-$1.2921

*RES 3: $1.3080/87 2% vol band, 6 month bull channel top 

*RES 2: $1.3002 Mar 5 high

*RES 1: $1.2965/70 Hourly resistance

*PRICE: $1.2924 @1055GMT

*SUP 1: $1.2885 Hourly support

*SUP 2: $1.2854/62 38.2% Fibo of $1.2615-$1.3002, Mar 6 low

*SUP 3: $1.2809 Mar 1 low, 50% Fibo of $1.2615-$1.3002

*SUP 4: $1.2758/63 Feb 22 high, 61.8% Fibo of $1.2615-$1.3002

*COMMENTARY* Unable to move with any conviction above $1.3000 as yet. The

subsequent pullback meeting support from above the 38.2% Fibo retrace level at

$1.2854. This of the gains seen since the Feb 26 low at $1.2615. As a result

there is now resistance from between $1.2965-$1.2970 preventing another

challenge to $1.3000 and perhaps the higher $1.3080-$1.3109 region. Loss of

$1.2854 would caution and open up a deeper $1.2809-$1.2763 fall.