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TECHS: Recovery Once Again Faces......>

DOLLAR-CANADA: TECHS: Recovery Once Again Faces $1.2917-$1.2927 Resistance
*RES 4: $1.3004 1.618 swing of $1.2893-$1.2714
*RES 3: $1.2969/77 Jan 31 low, 1% volatility band
*RES 2: $1.2927 50% Fibo of $1.3794-$1.2061
*RES 1: $1.2917/21 Oct 27, intraday highs
*PRICE: $1.2887 @1755GMT
*SUP 1: $1.2843 Dec 18 low
*SUP 2: $1.2816 Initial recovery high Dec 14, now support
*SUP 3: $1.2786 Hourly high Dec 15, now support
*SUP 4: $1.2739 Dec 15 low
*COMMENTARY* Found support from $1.2714 last week. This and the $1.2687-$1.2665
area present important support now. In the interim, the subsequent rally on
Friday through firstly $1.2816 and then $1.2855, has once again brought us
toward $1.2917, a level that has capped rallies since late October. This and the
50% Fibo retrace at $1.2927 are the bar to a higher $1.2969-$1.3004 rise.
Meanwhile, $1.2843 protects against any corrective action.

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