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: $1.2888 1% volatility band

*RES 2: $1.2858 76.4% Fibo of $1.2917-$1.2666

*RES 1: $1.2837 Nov 21 high

*PRICE: $1.2803 @1719GMT

*SUP 1: $1.2748/54 Nov 24 high, intraday low

*SUP 2: $1.2715 Hourly congestion area Nov 23-24

*SUP 3: $1.2666/73 Nov 10, Nov 23 lows

*SUP 4: $1.2618/31 61.8% of $1.2433-$1.2917, 1% vol band

*COMMENTARY* The recovery has finally broken through initial $1.2805 resistance

today, after some intervening overbought conditions allowed a $1.2754 setback.

This allows momentum to remain with the upside and to chase down last week's

$1.2837 high. Above and more importantly the 76.4% Fibo retrace at $1.2858 and

the upper 1% volatility band at $1.2888 are next obstacles.