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

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.