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TECHS: Oversold Near Term, $1.2605....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Oversold Near Term, $1.2605 Break Needed To Continue
*RES 4: $1.2686/89 1% volatility band, Feb 9 high
*RES 3: $1.2650 Feb 14 high
*RES 2: $1.2623/25 Feb 12-Feb 13 highs
*RES 1: $1.2600/05 Congestion area Feb 12-Feb 14
*PRICE: $1.2597 @1028GMT
*SUP 1: $1.2545/55 Hourly support
*SUP 2: $1.2523/28 Hourly base Feb 16, Feb 19 low
*SUP 3: $1.2475 Hourly congestion Feb 15-16
*SUP 4: $1.2450 Feb 16 low
*COMMENTARY* The bearish 'Doji' candle close on Feb 9 has produced a
$1.2689-$1.2450 setback so far, before some near term oversold conditions have
appeared and allowed some recovery. The latest rise now sees $1.2600-$1.2605 as
the next barrier to cross before the chance of a better $1.2623-$1.2650 rally.
Meanwhile, $1.2555-$1.2523 provides a decent near term support pillow, only
below the latter will concern again. Main resistance still $1.2686-$1.2689.

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