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TECHS: Rally Heading Towards..........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Rally Heading Towards $1.2641-$1.2663 Resistance
*RES 4: $1.2723 38.2% Fibo of $1.3794-$1.2061
*RES 3: $1.2703 1.618 swing of $1.2600-$1.2433
*RES 2: $1.2663 Aug 31 high
*RES 1: $1.2641 Intraday high, 1% volatility band
*PRICE: $1.2631 @0946GMT
*SUP 1: $1.2591 Oct 17 high, now support
*SUP 2: $1.2569 Hourly low Oct 20
*SUP 3: $1.2520 Initial recovery high Oct 20, now support
*SUP 4: $1.2495 Congestion area Oct 18, Oct 20
*COMMENTARY* The move through $1.2600-$1.2610 resistance has been followed by a
test to the upper 1% volatility band today. This just shy of the Aug 31 high at
$1.2663. Through the latter needed before the added potential for a run at
$1.2703, the swing target of the month's $1.2600-$1.2433 fall. In the meantime,
support rises to $1.2591 and this currently protects against a deeper correction
of the gains seen from last Thursday's $1.2451 low.

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