TECHS: Pressure Back On Lower 1%......>

DOLLAR-CANADA: TECHS: Pressure Back On Lower 1% Volatility Band

*RES 4: $1.2455 Congestion area Jan 22-23

*RES 3: $1.2435 Jan 22 low, now resistance

*RES 2: $1.2400 Jan 18-19 lows, now resistance

*RES 1: $1.2360/70 Hourly resistance

*PRICE: $1.2342 @1112GMT

*SUP 1: $1.2278/82 1% volatility band, Jan 25 low

*SUP 2: $1.2264 76.4% Fibo of $1.2061-$1.2921

*SUP 3: $1.2209 1.618 swing of $1.2355-$1.2591

*SUP 4: $1.2154 2% volatility band

*COMMENTARY* The decline continued last week, leaving the Jan 5 low at $1.2355

behind, as we look to test the resolve of the lower 1% volatility band, at

$1.2278 by time today. Lower and the 76.4% Fibo retrace at $1.2264 offers next

protection against a deeper $1.2209 fall. Meanwhile, resistance is seen from

$1.2360-$1.2370 but needing to escape $1.2400 before any correction has room to

breathe.