TECHS: Sliding Back Toward Base Of....>

DOLLAR-CANADA: TECHS: Sliding Back Toward Base Of Recent Range

*RES 4: $1.2891/11 May 21, May 18 highs

*RES 3: $1.2875/85 Hourly congestion area May 18-21

*RES 2: $1.2854/56 Hourly basing May 21, now resistance

*RES 1: $1.2800/10 Hourly resistance

*PRICE: $1.2769 @1540GMT

*SUP 1: $1.2743/50 Intraday, May 17 lows

*SUP 2: $1.2729/35 May 11 low, hourly support

*SUP 3: $1.2708 61.8% Fibo of $1.2528-$1.2998

*SUP 4: $1.2683 1% volatility band

*COMMENTARY* Rallies over the last week or so have been held back by

$1.2925-$1.2935 resistance. It is through the latter that will be required

before the upside will find any renewed strength. Meanwhile, $1.2891-$1.2911 has

proved tough and seen a move back below Friday's $1.2791 low. Now looking at

$1.2750-$1.2729 for support, else $1.2708-$1.2683 comes back into focus.

Resistance from between $1.2800-$1.2810 keeps immediate recovery hopes in check.