TECHS: Resistance Now From Between....>

DOLLAR-CANADA: TECHS: Resistance Now From Between $1.2420-$1.2463

*RES 4: $1.2550 Aug 29 high

*RES 3: $1.2492 Sep 1 high

*RES 2: $1.2441/63 Aug 29 low, initial low Sep 1

*RES 1: $1.2420 Hourly resistance

*PRICE: $1.2413 @1015MT

*SUP 1: $1.2340 Sep 1 low

*SUP 2: $1.2304 1.618 swing of $1.2441-$1.2663

*SUP 3: $1.2280 Equality fall from $1.2492 to $1.2663-$1.2451

*SUP 4: $1.2250 2% volatility band

*COMMENTARY* A potentially bullish 'Doji' candle at last Tuesday's close allowed

a $1.2441-$1.2663 recovery, before once again the underlying bear bias won

through. The loss of $1.2550 was the initial warning sign, below $1.2500 the

confirmation. Having subsequently broken beneath $1.2441-$1.2414, a low of

$1.2340 so far, the next objectives range from the swing target at $1.2304 and

the equality fall at $1.2280. Resistance $1.2420-$1.2463.