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

DOLLAR-CANADA
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. 

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