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DOLLAR-CANADA: TECHS: Rally Flirting With The Upper 1% Volatility Band
*RES 4: $1.2859 2% volatility band
*RES 3: $1.2786 61.8% Fibo of $1.3016-$1.2414
*RES 2: $1.2755 1.618 swing of $1.2715-$1.2651
*RES 1: $1.2733 1% volatility band
*PRICE: $1.2718 @1213GMT
*SUP 1: $1.2670/80 Hourly support
*SUP 2: $1.2651 Aug 8 low
*SUP 3: $1.2619/29 Aug 3 high, Aug 7 low
*SUP 4: $1.2592 Initial rally high Aug 3, now support
*COMMENTARY* The recovery from last week's $1.2414 low continues, the rally
breaking above the next marker of note, the 50% Fibo retrace level at $1.2715.
This sees the upper 1% volatility band at $1.2733, as the potential bar to a
further $1.2755-$1.2786 rise. As a result, support moves up to $1.2670-80, ahead
of Tuesday's $1.2651 low. Would anticipate this to hold any setbacks now, if
recovery to continue.