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TECHS: Recovery Nears Feb 9 High......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Recovery Nears Feb 9 High And Upper 1% Vol Band
*RES 4: $1.2827/37 2% vol band, 1.618 swing $1.2689-$1.2450
*RES 3: $1.2762 76.4% Fibo of $1.2921-$1.2249
*RES 2: $1.2701 1% volatility band
*RES 1: $1.2689 Feb 9 high
*PRICE: $1.2661 @1020GMT
*SUP 1: $1.2615/20 Hourly support
*SUP 2: $1.2593 Feb 19 high, now support
*SUP 3: $1.2557/68 Feb 16 high, hourly basing Feb 19 
*SUP 4: $1.2528 Feb 19 low
*COMMENTARY* The 'Doji' candle close on Feb 9 produced a $1.2689-$1.2450 setback
over the course of the last week, before some oversold conditions appeared and
have allowed a recovery. The latest rise through $1.2650 now sees that Feb 9
high and the upper 1% volatility band, at $1.2701 by time today, as the next
potential barrier higher. In the meantime, support moves up to $1.2620-$1.2593.
Should stay above the latter now, if the current rally is set to continue.

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