TECHS: Oversold Near Term, $1.2624....>

DOLLAR-CANADA: TECHS: Oversold Near Term, $1.2624 Becomes Resistance

*RES 4: $1.2717 Hourly recovery high Apr 9

*RES 3: $1.2674 Initial low Apr 10, now resistance

*RES 2: $1.2650 Hourly base Apr 10, now resistance

*RES 1: $1.2624 Apr 11 high

*PRICE: $1.2606 @0923GMT

*SUP 1: $1.2544/60 Apr 11 low, hourly support

*SUP 2: $1.2486 2% volatility band

*SUP 3: $1.2467 Feb 26 low

*SUP 4: $1.2450/56 Feb 16 low, 76.4% Fibo of $1.2249-$1.3125

*COMMENTARY* The prospect of a head and shoulders top has grown this week,

failure at $1.2815-$1.2820 the initial catalyst. This has subsequently seen

$1.2685-$1.2615 support give way, followed by $1.2593-$1.2584 on Wednesday. Has

found some support from $1.2544, below and not much ahead of an eventual test to

the lower 2% volatility band at $1.2486 today. Has become oversold near term,

resistance from $1.2624, above needed before any real respite is in sight.