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TECHS: Swing target At $1.3038 Is.....>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Swing target At $1.3038 Is Next Upside Objective
*RES 4: $1.3164 1.618 swing of $1.2998-$1.2729
*RES 3: $1.3125 Mar 19 high, 2% volatility band
*RES 2: $1.3038 1.618 swing of $1.2925-$1.2743
*RES 1: $1.3020 Intraday high
*PRICE: $1.3018 @1608GMT
*SUP 1: $1.2975/85 Hourly support
*SUP 2: $1.2955/60 Hourly basing area May 25
*SUP 3: $1.2916/25 May 23, May 15 highs, now support
*SUP 4: $1.2860 Congestion lows since Mid May
*COMMENTARY* The break back through $1.2925-$1.2935 resistance has given the
upside renewed impetus. Today moving through the upper 1% volatility band and
the May 8 high at $1.2998. Above here and the swing target at $1.3038 can be the
brake to a $1.3125 return, where the Mar 19 high is joined by the upper 2%
volatility band. Support from between $1.2985-$1.2955, will need to lose the
latter before the recent upward momentum loses it's shine. 

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