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

DOLLAR-CANADA: TECHS: Oversold Near Term, $1.2556-$1.2566 Resistance
*RES 4: $1.2650 Feb 14 high
*RES 3: $1.2623/25 Feb 12-Feb 13 highs
*RES 2: $1.2600/05 Congestion area Feb 12-Feb 14
*RES 1: $1.2556/66 Feb 12-Feb 13 lows, now resistance
*PRICE: $1.2540 @1755GMT
*SUP 1: $1.2475/85 Hourly support
*SUP 2: $1.2450 Intraday low
*SUP 3: $1.2410/17 1% vol band, 61.8% Fibo of $1.2249-$1.2689
*SUP 4: $1.2392/98 Jan 25 high, Feb 5 low
*COMMENTARY* The recovery continued last week resulting in a spike high to
$1.2689 on Friday, before the lower close provided the daily chart with a
potentially bearish 'Doji' candle. The failure since to reclaim levels above
1.2650 has added fuel to the fire, the subsequent loss of $1.2556 opening the
way for some deeper correction of gains seen since the Jan 31 low at $1.2249,
with $1.2417-$1.2410 the next area of interest. $1.2556-1.2566 now resistance.

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