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

DOLLAR-CANADA
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.

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