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TECHS: Renewed Rally After Hold.......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Renewed Rally After Hold Above $1.2446
*RES 4: $1.2663 Aug 31 high
*RES 3: $1.2610 76.4% Fibo of $1.2779-$1.2061
*RES 2: $1.2595 1.618 swing of $1.2539-$1.2449
*RES 1: $1.2575 1% volatility band
*PRICE: $1.2542 @1340GMT
*SUP 1: $1.2500/05 Hourly support
*SUP 2: $1.2470 Hourly basing area Oct 4-5
*SUP 3: $1.2446/49 Initial high Sep 29, Oct 4 low
*SUP 4: $1.2413/17 Sep 26 high, Sep 28-29 lows
*COMMENTARY* Broke through $1.2414-$1.2441 last week and then found it difficult
to break free of the next barrier at $1.2521, the 76.4% Fibo retrace of the
$1.2663-$1.2061 fall, seen early last month. The subsequent pullback to $1.2449
has removed near term overbought conditions while remaining above the initial
Sep 29 high at $1.2446. Now moving back above $1.2539, the 1% volatility band at
$1.2575 the bar to a higher $1.2595-$1.2610 rise. Support $1.2505-$1.2470.

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