TECHS: Recovers After Lower 1%........>

DOLLAR-CANADA: TECHS: Recovers After Lower 1% Volatility Band Holds Fall

*RES 4: $1.2542 Jan 17 high

*RES 3: $1.2473/78 76.4% Fibo of $1.2542-$1.2249, 1% vol band

*RES 2: $1.2430/35 61.8% of $1.2542-$1.2249, Jan 22 low

*RES 1: $1.2395/00 50% of $1.2542-$1.2249, Jan 19 low

*PRICE: $1.2394 @1536GMT

*SUP 1: $1.2249 Jan 31 low

*SUP 2: $1.2214/20 1.618 swing of $1.2282-$1.2392, 1% vol 

*SUP 3: $1.2209 1.618 swing of $1.2355-$1.2591

*SUP 4: $1.2198 Sep 20 low

*COMMENTARY* The decline continued on Wednesday, having failed to make any

inroads into $1.2400 resistance. Last week's $1.2282 low gave way, as did the

76.4% Fibo retrace level at $1.2264. Eventually found a base at $1.2249, in line

with the lower 1% volatility band at the time. This protecting the downside from

a further fall towards two $1.2214-$1.2209 swing targets. Resistance from

$1.2336-$1.2352 meanwhile has given way, allowing a $1.2395-$1.2473 rise.