TECHS: Recovering After Hold Above....>

DOLLAR-CANADA: TECHS: Recovering After Hold Above Lower 1% Volatility Band

*RES 4: $1.2943 1% volatility band

*RES 3: $1.2917/27 Oct 27, Oct 31 highs, 50% $1.3794-$1.2061

*RES 2: $1.2862/65 Oct 30 high, congestion lows Nov 1

*RES 1: $1.2836 Nov 3 high

*PRICE: $1.2793 @1656GMT

*SUP 1: $1.2735/45 Nov 6, Nov 3 lows

*SUP 2: $1.2701 Nov 6 low

*SUP 3: $1.2684 1% vol band, 50% Fibo of $1.2451-$1.2917

*SUP 4: $1.2629/34 61.8% of $1.2451-$1.2917, Oct 25 low

*COMMENTARY* Late last month saw the upside move toward the 50% Fibo retrace

level at $1.2927. A high of $1.2917 twice, before succumbing to some overbought

conditions. Has since broken below $1.2799-$1.2781 support, which opens up

corrective potential of recent gains from $1.2451. Lows of $1.2715-$1.2701 so

far, ahead of next $1.2684 support area, which includes the lower 1% volatility

band. Resistance from $1.2799-$1.2808 breached, so look to $1.2836-$1.2865 next.