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

DOLLAR-CANADA: TECHS: Oversold Near Term, $1.2566-$1.2605 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: $1.2566/68 Feb 12-Feb 13 lows, Feb 16 high
*PRICE: $1.2545 @1057GMT
*SUP 1: $1.2495/05 Hourly support
*SUP 2: $1.2475 Hourly congestion Feb 15-16
*SUP 3: $1.2450 Feb 16 low
*SUP 4: $1.2417/24 61.8% Fibo of $1.2249-$1.2689, 1% vol band
*COMMENTARY* The recovery resulted in a spike high to $1.2689 on Feb 9, 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, opening the way for some deeper correction of gains seen since the Jan 31
low at $1.2249, with $1.2450 and then $1.2417 the next area of interest.
$1.2566-1.2605 now nearest resistance.

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