TECHS: Rally Still Contained By The...>

DOLLAR-CANADA: TECHS: Rally Still Contained By The Upper 1% Volatility Band

*RES 4: $1.2815 1.618 swing of $1.2753-$1.2653

*RES 3: $1.2786 61.8% Fibo of $1.3016-$1.2414

*RES 2: $1.2755/58 1.618 swing $1.2715-$1.2651, 1% vol band

*RES 1: $1.2730 Hourly resistance

*PRICE: $1.2688 @1543GMT

*SUP 1: $1.2665 Hourly support

*SUP 2: $1.2651 Aug 8 low

*SUP 3: $1.2619/29 Aug 3 high, Aug 7 low

*SUP 4: $1.2592 Initial rally high Aug 3, now support

*COMMENTARY* The recovery from last week's $1.2414 low continues, the rally

breaking above the next marker of note, the 50% Fibo retrace level at $1.2715.

This sees the swing target at $1.2755 and the upper 1% volatility band at

$1.2758, as the potential bar to a further $1.2786-$1.2815 rise. As a result,

support moves up to $1.2665, ahead of Tuesday's $1.2651 low. Would anticipate

this to hold any setbacks now, if recovery to continue.