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

DOLLAR-CANADA: TECHS: Recovery Continues, $1.2837-$1.2858 Resistance

*RES 4: $1.2915/17 Oct 31, Oct 27 highs

*RES 3: $1.2858 76.4% Fibo of $1.2917-$1.2666

*RES 2: $1.2837 Nov 21 high

*RES 1: $1.2805/08 Hourly congestion Nov 20-21, intraday high

*PRICE: $1.2790 @1129GMT

*SUP 1: $1.2725 Hourly support

*SUP 2: $1.2666/73 Nov 10, Nov 23 lows

*SUP 3: $1.2618/31 61.8% of $1.2433-$1.2917, 1% vol band

*SUP 4: $1.2600 Oct 6 high, now support

*COMMENTARY* The recovery has tested initial resistance from around $1.2805

today, a slightly higher $1.2808 seen before some near term overbought

conditions have intervened. The momentum will remain with the upside however,

while support from above $1.2725 is able to contain any setbacks. Above $1.2808

and last week's $1.2837 high and more importantly the 76.4% Fibo retrace at

$1.2858 are next obstacles.