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

DOLLAR-CANADA
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, i'day high
*PRICE: $1.3086 @1313GMT
*SUP 1: $1.3048 Mar 16 low
*SUP 2: $1.3001/02 Mar 7, Mar 5 highs, now support 
*SUP 3: $1.2965 Congestion area Mar 14-Mar 15
*SUP 4: $1.2921 Mar 14 low
*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 $1.3048 support for clues. Loss here
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.

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