TECHS: Rally Continues, $1.2848 In....>

DOLLAR-CANADA: TECHS: Rally Continues, $1.2848 In Way Of $1.2892-$1.2897

*RES 4: $1.2941/44 Mar 29, Apr 2 highs

*RES 3: $1.2897 61.8% Fibo of $1.3125-$1.2528

*RES 2: $1.2892 2% volatility band

*RES 1: $1.2848/50 Apr 4, intraday highs

*PRICE: $1.2845 @1725GMT

*SUP 1: $1.2775/85 Hourly support

*SUP 2: $1.2750 Intraday low

*SUP 3: $1.2718/25 Hourly basing area Apr 20

*SUP 4: $1.2676/86 Apr 19 high, initial rally high Apr 20

*COMMENTARY* Has continued it's recovery from last Tuesday's dip to $1.2528 and

a test to the lower 1% volatility band. Friday's move through $1.2785 has given

the upside further impetus, as we now head through the Apr 19 high at $1.2819

and the 50% Fibo retrace level at $1.2826. Higher and the $1.2846-$1.2848 area

can prove troublesome next. As a result, support rises to $1.2785-$1.2750, loss

would caution and suggest the time is ripe for some correction.