TECHS: Recovery Still Limited To......>

DOLLAR-CANADA: TECHS: Recovery Still Limited To Below $1.2400

*RES 4: $1.2455 Congestion area Jan 22-23

*RES 3: $1.2435 Jan 22 low, now resistance

*RES 2: $1.2400 Jan 18-19 lows, now resistance

*RES 1: $1.2380 Intraday high

*PRICE: $1.2341 @1650GMT

*SUP 1: $1.2282/93 Jan 25, Jan 26 lows

*SUP 2: $1.2264 76.4% Fibo of $1.2061-$1.2921, 1% vol band

*SUP 3: $1.2209 1.618 swing of $1.2355-$1.2591

*SUP 4: $1.2146 2% volatility band

*COMMENTARY* The decline continued last week, leaving the Jan 5 low at $1.2355

behind, a low of $1.2282 so far, as we look to test the resolve of the lower 1%

volatility band, which by time joins the 76.4% Fibo retrace level at $1.2264

today. These offer next protection against a deeper $1.2209 fall. Meanwhile,

have seen a bounce to $ 1.2380 but likely needing to escape $1.2400 before any

correction has room to breathe.