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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: $1.3125/38 Mar 19 high, 2% volatility band
*RES 2: $1.3038 1.618 swing of $1.2925-$1.2743
*RES 1: $1.3020/25 1% volatility band, intraday high
*PRICE: $1.3017 @0956GMT
*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. Now moving slightly through the upper 1% volatility
band, a high of $1.2025 so far, as we head towards the swing target at $1.3038,
which currently looks to be the brake to a $1.3125 return. 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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