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TECHS: Rally Now Meets................>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Rally Now Meets $1.2837-$1.2842 Resistance
*RES 4: $1.2917/27 Oct 27 high, 50% of $1.3794-$1.2061
*RES 3: $1.2903/09 1% volatility band, Nov 30 high
*RES 2: $1.2885/93 Hourly recovery highs Dec 1
*RES 1: $1.2837/42 Nov 21 high, 76.4% of $1.2909-$1.2624
*PRICE: $1.2818 @1032GMT
*SUP 1: $1.2775/85 Hourly support
*SUP 2: $1.2727 Dec 4 high, now support
*SUP 3: $1.2707 Initial high Dec 6, now support
*SUP 4: $1.2675 Hourly congestion Dec 4-Dec 6
*COMMENTARY* Held on Tuesday, by support from the lower 1% volatility band at
$1.2624. The subsequent recovery was faltering for a while between $1.2705-10
resistance but found the impetus for a break higher on Wednesday. This rally has
surpassed all near term resistance with the exception of the Nov 21 high at
$1.2837 and the 76.4% Fibo retrace at $1.2842. This area remains key to any
further upside hopes. Support $1.2785-$1.2775 loss would concern.

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