TECHS: Rally Spikes Key Resistance....>

DOLLAR-CANADA: TECHS: Rally Spikes Key Resistance At $1.2984 Into 1% Vol Band

*RES 4: $1.3125/33 Mar 19 high, 2% volatility band

*RES 3: $1.3045 Max 5th wave target in rise from $1.2528

*RES 2: $1.2998/04 May 8 high, 1% volatility band

*RES 1: $1.2975/85 Hourly resistance

*PRICE: $1.2936 @0943GMT

*SUP 1: $1.2914/18 May 1, May 4 highs, now support

*SUP 2: $1.2876 Intraday low

*SUP 3: $1.2840/41 May 4, May 7 lows

*SUP 4: $1.2803/06 May 2, Apr 30 lows 

*COMMENTARY* A brief spike through key resistance at $1.2984 was abruptly halted

by the upper 1% volatility band at $1.2998 on Tuesday. The subsequent pullback

now allows some earlier resistance to appear again between $1.2975-$1.2985.

Nearest support now from the former highs of $1.2918-$1.2914 but it will take a

loss Tuesday's $1.2876 low to upset recent upside momentum, then putting $1.2840

back under pressure. Directly through $1.2998-$1.3004 and $1.3045 next.