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

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Rally Approaches The Upper 2% Volatility Band
*RES 4: $1.2969 Jan 31 low, now resistance
*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: $1.2856 2% volatility band
*PRICE: $1.2847 @1645GMT
*SUP 1: $1.2781 Intraday low
*SUP 2: $1.2722/24 Oct 25 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 turned into a sprint on Wednesday. The break above
$1.2723-$1.2779, now sees the upper 2% volatility band, rising to $1.2856 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 from the day's $1.2781 low, loss would temper the rise.

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