TECHS: Sustained $1.2535-40 Break.....>

DOLLAR-CANADA: TECHS: Sustained $1.2535-40 Break The Key To Better Recovery

*RES 4: $1.2650 61.8% Fibo of $1.2779-$1.2441

*RES 3: $1.2599/08 Aug 23, Aug 21 highs

*RES 2: $1.2575 Congestion area Aug 21-23

*RES 1: $1.2550 Aug 29 high

*PRICE: $1.2542 @1134GMT

*SUP 1: $1.2465/80 Hourly support

*SUP 2: $1.2441 Aug 28-29 lows

*SUP 3: $1.2414/24 Jul 26, Jul 27 lows, 1% volatility band

*SUP 4: $1.2383 1.618 projection target from $1.2692

*COMMENTARY* Trying to establish a clear break above the $1.2535-45 area, aided

in the near term by the appearance of a potentially bullish 'Doji' candle at

Tuesday's close. Clearly through here and the correction of the month's

$1.2779-$1.2441 losses can continue, with scope for $1.2575-$1.2650 next.

Support moves slightly to $1.2480-$1.2465, a loss of the latter would caution

but only below $1.2441 would negate the 'Doji' close.