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

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Recovery Continues $1.2690-$1.2715 Next Resistance
*RES 4: $1.2800 2% volatility band
*RES 3: $1.2786 61.8% Fibo of $1.3016-$1.2414
*RES 2: $1.2715 50% Fibo of $1.3016-$1.2414
*RES 1: $1.2690/95 Hourly resistance
*PRICE: $1.2679 @1128GMT
*SUP 1: $1.2619/29 Aug 3 high, intraday low
*SUP 2: $1.2592 Initial rally high Aug 3, now support
*SUP 3: $1.2553 Aug 3 low
*SUP 4: $1.2529 Jul 31 high, now support
*COMMENTARY* The recovery from last week's $1.2414 low continues today, the
rally now reaching toward hourly resistance between $1.2690-95. This just shy of
the next marker of note, the 50% Fibo retrace level at $1.2715. As a result,
support moves up to $1.2619-29 initially with $1.2592 currently of more
consequence below. Above $1.2715 and then not much to prevent a $1.2786-$1.2800
rise.

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