TECHS: Rally Approaches The Upper.....>

DOLLAR-CANADA: TECHS: Rally Approaches The Upper 2% Volatility Band

*RES 4: $1.2944 Jul 11 high

*RES 3: $1.2927 50% Fibo of $1.3794-$1.2061

*RES 2: $1.2865 2.618x $1.2433-$1.2591 from $1.2451 

*RES 1: $1.2819 2% volatility band

*PRICE: $1.2812 @1620GMT

*SUP 1: $1.2745 Hourly support

*SUP 2: $1.2722/24 Intraday hourly low/hourly high

*SUP 3: $1.2693 Oct 24 high, now support

*SUP 4: $1.2661/69 Hourly congestion area Oct 23-24

*COMMENTARY* The creep higher has turned into a sprint, this after a $1.2639

pullback. The break above $1.2723-$1.2779, now sees the upper 2% volatility

band, at $1.2819 by time today, as the next potential barrier to this rise. This

a known curb on either side of the market and as yet never above it this year,

and only briefly below for three days last month. Above and $1.2865-$1.2927 are

next targets. Support $1.2745-$1.2722, loss would temper the rise.