TECHS: Still Awaiting Fresh $1.3000...>

DOLLAR-CANADA: TECHS: Still Awaiting Fresh $1.3000 Challenge

*RES 4: $1.3098 6 month bull channel top projection

*RES 3: $1.3043 1% volatility band

*RES 2: $1.3001/02 Mar 6, Mar 5 highs

*RES 1: $1.2985 Mar 13 high

*PRICE: $1.2946 @0938GMT

*SUP 1: $1.2910/15 Hourly support

*SUP 2: $1.2877 Initial rally high Mar 13, now support

*SUP 3: $1.2845 Hourly congestion highs Mar 12-13

*SUP 4: $1.2803/09 Mar 12 low, 50% Fibo of $1.2615-$1.3002

*COMMENTARY* Had two attempts earlier in the month to move through $1.3000

without success. The subsequent pullback broke below support from the 38.2% Fibo

retrace level at $1.2854, this of the gains seen since the Feb 26 low at $1.2615

but was held at the top of the next deeper correction area between

$1.2809-$1.2763. Meanwhile, the move back above $1.2909-$1.2961 encourages for

another go at $1.3000 and perhaps $1.3030-$1.3096. Support $1.2915-$1.2877.