TECHS: Recovery Reaches 50% Fibo,.....>

DOLLAR-CANADA: TECHS: Recovery Reaches 50% Fibo, $1.2820 Remains Key

*RES 4: $1.2917/27 Oct 27 high, 50% of $1.3794-$1.2061

*RES 3: $1.2856/60 76.4% of $1.2917-$1.2666, 1% vol band

*RES 2: $1.2820 Nov 7 high, 61.8% of $1.2917-$1.2666

*RES 1: $1.2791 50% Fibo of $1.2917-$1.2666

*PRICE: $1.2752 @1052GMT

*SUP 1: $1.2700/13 Hourly support, Nov 15 low

*SUP 2: $1.2666 Nov 10 low

*SUP 3: $1.2629/34 61.8% of $1.2451-$1.2917, Oct 25 low

*SUP 4: $1.2600/18 Oct 6 high, 61.8% of $1.2433-$1.2917

*COMMENTARY* The decline found some support last Friday at $1.2666, just ahead

of the swing target at $1.2650 at the time. This the beginning of some

potentially congested support from between $1.2634-$1.2600. Only below the

latter will free up the opportunity for a further $1.2547 fall. In the meantime,

the move back above $1.2715-$1.2725 allows for a higher $1.2791 recovery, ahead

of the Nov 7 high at $1.2820. Nearest support now from $1.2713-$1.2700.