TECHS: Rally Has $1.2848-$1.2863 In...>

DOLLAR-CANADA: TECHS: Rally Has $1.2848-$1.2863 In Way Of Further Gains

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

*RES 3: $1.2906 Initial pullback low Apr 2, now resistance

*RES 2: $1.2880 Minor congestion area Mar 29-Apr 2

*RES 1: $1.2848/63 Intraday high, Mar 29, 30 & Apr 2 lows 

*PRICE: $1.2824 @1519GMT

*SUP 1: $1.2775 Intraday low

*SUP 2: $1.2749/58 1% volatility band, Feb 22 high

*SUP 3: $1.2735 1.618 swing of $1.2815-$1.2944

*SUP 4: $1.2719 38.2% Fibo of $1.2061-$1.3125

*COMMENTARY* The consolidation seen since last week's $1.2815 base failed to

make ground back above $1.2941-$1.2944. The subsequent fall has broken down

below $1.2815-$1.2790 support. A low of $1.2775 today at the time of writing,

ahead of what looks stronger support from between $1.2758-$1.2735. As a result,

nearest resistance falls to $1.2848-$1.2863. Below $1.2735 and Fibo support at

$1.2719 is the prop against a further $1.2634 decline.