TECHS: Rally Still Tracking The.......>

DOLLAR-CANADA: TECHS: Rally Still Tracking The Upper 2% Volatility Band

*RES 4: $1.3015/16 Jul 5, Jul 3 highs

*RES 3: $1.2969 Jan 31 low, now resistance

*RES 2: $1.2927 50% Fibo of $1.3794-$1.2061

*RES 1: $1.2896 2% volatility band

*PRICE: $1.2868 @1000GMT

*SUP 1: $1.2817 Oct 25 high, now support

*SUP 2: $1.2782 Oct 26 low

*SUP 3: $1.2722/24 Oct 25 hourly low/hourly high

*SUP 4: $1.2661/69 Hourly congestion area Oct 23-24

*COMMENTARY* The creep higher turned into a sprint on Wednesday. The break above

$1.2723-$1.2779, still sees the upper 2% volatility band, rising to $1.2896 by

time today, as the next potential barrier to this rise. This a known curb on

either side of the market and as yet, never above it this year, and only briefly

below for three days last month. Above and 1.2927 is the next target. Support

from $1.2817 and then yesterday's $1.2782 low, loss would temper the rise.