TECHS: Rally Challenges...............>

DOLLAR-CANADA: TECHS: Rally Challenges $1.2933-$1.2936 Resistance

*RES 4: $1.3052/53 76.4% $1.3125-$1.2815, Mar 20 low

*RES 3: $1.3007/10 61.8% $1.3125-$1.2815, hourly low Mar 21 

*RES 2: $1.2970/76 50% Fibo, hourly recovery high Mar 21

*RES 1: $1.2933/41 38.2% Fibo of $1.3125-$1.2815, Mar 29 high

*PRICE: $1.2880 @0846GMT

*SUP 1: $1.2860/63 Mar 30, Mar 28 lows

*SUP 2: $1.2815 Mar 27 low

*SUP 3: $1.2790/03 38.2% of $1.2249-$1.3125, Mar 12 low

*SUP 4: $1.2756/58 1.618 swing $1.2830-$1.2949, Feb 22 high

*COMMENTARY* Still trying to decouple from support from the lower 1% volatility

band, at $1.2779 by time today. A low of $1.2815 last week, just ahead of decent

support from between $1.2803-$1.2790. Has become oversold in the near term, so

with the move above $1.2903 now looking to the more important $1.2933-$1.2936

region, as will need to sustain a move back above here to reduce near term bear

bias and produce a better correction of losses from the month's $1.3125 high.