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Holding Off Best Levels


Timeline of key events (Times BST)


E-MINI S&P (U2): Bearish Threat Remains Present


Timeline of key events (Times BST)


Corrective Cycle Still In Play


Block Sales Cap Early Overnight Uptick

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DOLLAR-CANADA: TECHS: Recovery Meets Resistance From 50% Fibo At $1.2715
*RES 4: $1.2839 2% volatility band
*RES 3: $1.2786 61.8% Fibo of $1.3016-$1.2414
*RES 2: $1.2745 Hourly resistance
*RES 1: $1.2715 50% Fibo of $1.3016-$1.2414, Aug 7 high
*PRICE: $1.2680 @1217GMT
*SUP 1: $1.2645/51 Hourly support, Aug 8 low
*SUP 2: $1.2619/29 Aug 3 high, Aug 7 low
*SUP 3: $1.2592 Initial rally high Aug 3, now support
*SUP 4: $1.2553 Aug 3 low
*COMMENTARY* The recovery from last week's $1.2414 low continued on Monday, the
rally breaking above earlier $1.2690-95 resistance, leaving the next marker of
note, the 50% Fibo retrace level at $1.2715. As a result, support moves up to
$1.2645-51, ahead of Monday's $1.2629 low and the Aug 3 high at $1.2619. Above
$1.2715 and then not much to prevent a further $1.2745-$1.2786 rise.

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