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TECHS: Sharp Pullback Becoming........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Sharp Pullback Becoming Oversold Ahead $1.2818-$1.2803
*RES 4: $1.2998/04 May 8 high, 1% volatility band
*RES 3: $1.2975 Intraday high
*RES 2: $1.2941 Initial pullback low May 8, now resistance
*RES 1: $1.2900 Hourly resistance
*PRICE: $1.2840 @1718GMT
*SUP 1: $1.2818 38.2% Fibo of $1.2528-$1.2998
*SUP 2: $1.2803/06 May 2, Apr 30 lows 
*SUP 3: $1.2763 50% Fibo of $1.2528-$1.2998
*SUP 4: $1.2737 1% volatility band
*COMMENTARY* A brief spike through key resistance at $1.2984 was abruptly halted
by the upper 1% volatility band at $1.2998 on Tuesday. The subsequent pullback
has lost support from the former highs of $1.2918-$1.2914 and then Tuesday's
$1.2876 low today. This has upset recent upside momentum, putting
$1.2840-$1.2836 back under pressure. Becoming heavily oversold in the near term
ahead of key $1.2818-$1.2803 support. Resistance now $1.2900-$1.2941.

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