TECHS: Sharp Fall Spikes Lower 2%.....>

DOLLAR-CANADA: TECHS: Sharp Fall Spikes Lower 2% Volatility Band

*RES 4: $1.2415 Intraday high

*RES 3: $1.2336 Sep 5 low, now resistance

*RES 2: $1.2310 Hourly resistance (2)

*RES 1: $1.2275 Hourly resistance

*PRICE: $1.2213 @1558GMT

*SUP 1: $1.2165 Hourly support

*SUP 2: $1.2135 Intraday low

*SUP 3: $1.2116 1.618 pro'n of $1.2779-$1.2441 from $1.2663

*SUP 4: $1.2050 50% Fibo of 0.9408-$1.4692

*COMMENTARY* Has fallen sharply, losing support from $1.2280 initially and then

the lower 2% volatility band at $1.2200. This is not normally a long lived

situation so caution advised. A low of $1.2135 so far, just ahead of the 1.618

projection target at $1.2116. Any lower and have to start looking at the 50%

Fibo retrace level at $1.2050. This of the rise seen between July 2011 and Jan

2016. resistance $1.2275-$1.2310, back above $1.2336 needed for impetus.