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DOLLAR-CANADA: TECHS: Recovery Still Troubled By 2 1/2 Year Resistance Line
*RES 4: $1.3047/68 May 29 high, 1% volatility band
*RES 3: $1.3020 Hourly recovery high May 30
*RES 2: $1.2994/08 76.4% of $1.3047-$1.2818, Jun 1 spike high
*RES 1: $1.2975/85 Hourly resistance
*PRICE: $1.2944 @0938GMT
*SUP 1: $1.2895/00 Hourly recovery high May 30, Jun 4 low
*SUP 2: $1.2859 Initial recovery high Jun 1, now support
*SUP 3: $1.2818/26 May 31, May 23, 30 lows
*SUP 4: $1.2804 76.4% Fibo of $1.2729-$1.3047
*COMMENTARY* Having found support from $1.2818 last Thursday, then proceeded to
correct the previous fall from $1.3047 by just over 76.4%, with Friday's spike
high to $1.3008. Earlier resistance from $1.2975-$1.2985 now the bar to fresh
upside interest. Support now comes initially from $1.2895, this the protection
to a deeper $1.2859 pullback. Have to stay above here or overall bias will
return to the downside and back on $1.2818-$1.2804.