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.