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TECHS: Pullback Nears.................>

DOLLAR-CANADA: TECHS: Pullback Nears $1.2826-$1.2804 Support
*RES 4: $1.2994 Initial pullback low May 30, now rest'ce
*RES 3: $1.2970 Hourly basing area May 29, now resistance
*RES 2: $1.2942 Hourly recovery high May 30
*RES 1: $1.2900/15 Hourly resistance
*PRICE: $1.2851 @0950GMT
*SUP 1: $1.2826/36 May 23, May 30 lows
*SUP 2: $1.2804 76.4% Fibo of $1.2729-$1.3047
*SUP 3: $1.2765 1% volatility band
*SUP 4: $1.2743 May 22 low
*COMMENTARY* Tuesday's $1.3047 rally took us towards the 2 1/2 year falling
resistance line, depending how you look at it. $1.3043 on the weekly chart,
$1.3048 on a daily basis and $1.3120 monthly wise. No doubting it was overbought
near term having tested the $1.3038 swing target and the upper 1% volatility
band. The subsequent decline has been swifter than anticipated, $1.2826-$1.2804
the next area of support. $1.2900-15 the immediate bar to any better recovery.

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