TECHS: Rally Reaches $1.3125 Swing....>

DOLLAR-CANADA: TECHS: Rally Reaches $1.3125 Swing Target

*RES 4: $1.3217 2% volatility band

*RES 3: $1.3165 Jun 14 low, now resistance

*RES 2: $1.3132 61.8% Fibo of $1.3794-$1.2061

*RES 1: $1.3125 1.618 swing of $1.3002-$1.2803

*PRICE: $1.3109 @0955GMT

*SUP 1: $1.3065/75 Hourly support

*SUP 2: $1.3048 Mar 16 low

*SUP 3: $1.3001/02 Mar 7, Mar 5 highs, now support 

*SUP 4: $1.2965 Congestion area Mar 14-Mar 15

*COMMENTARY* The rally through $1.3000 has continued, today reaching $1.3125,

the swing target of the recent $1.3002-$1.2803 fall. This leaves us just shy of

the 61.8% Fibo retrace level at $1.3132. As a result, has become extremely

overbought in the near term, so looking to $1.3065-$1.3048 support for clues.

Loss of the latter will likely kick start a correction, potentially of those

gains from $1.2803. Above $1.3132 and minor $1.3165 ahead of 2% volatility band.