TECHS: Recovery Continues.............>

DOLLAR-CANADA: TECHS: Recovery Continues $1.2715-$1.2732 Next Resistance

*RES 4: $1.2786 50% Fibo of $1.3016-$1.2414, 2% vol band

*RES 3: $1.2732 9 week falling resistance line

*RES 2: $1.2715 50% Fibo of $1.3016-$1.2414

*RES 1: $1.2668 Intraday high

*PRICE: $1.2640 @1605GMT

*SUP 1: $1.2580/90 Hourly support

*SUP 2: $1.2553 Aug 3 low

*SUP 3: $1.2510 Congestion area late July

*SUP 4: $1.2475 Congestion area Jul 31-Aug 1

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

rally exceeding Thursday's $1.2619 high, $1.2668 seen so far, shy of the next

marker of note, the 50% Fibo retrace level at $1.2715. As a result, support

moves up to $1.2580-90 initially with yesterday's $1.2553 low currently of more

consequence below. Above $1.2715 and the 9 week falling resistance line at

$1.2732 is then the bar to a further $1.2786 rise.