TECHS: Upside Dependent On............>

DOLLAR-CANADA: TECHS: Upside Dependent On Continued Hold Above 1.2854 

*RES 4: $1.3109 Equality rise from $1.2249 to $1.2061-$1.2921

*RES 3: $1.3099 2% volatility band

*RES 2: $1.3089 1.618 swing of $1.3002-$1.2862, 6 mth channel

*RES 1: $1.3001/02 Mar 6, Mar 5 highs

*PRICE: $1.2923 @1016GMT

*SUP 1: $1.2880 Hourly support

*SUP 2: $1.2854/62 38.2% Fibo of $1.2615-$1.3002, Mar 6 low

*SUP 3: $1.2809 Mar 1 low, 50% Fibo of $1.2615-$1.3002

*SUP 4: $1.2758/63 Feb 22 high, 61.8% Fibo of $1.2615-$1.3002

*COMMENTARY* After two attempts is so far unable to move with any conviction

above $1.3000 as yet. The subsequent pullback meeting support from above the

38.2% Fibo retrace level at $1.2854. This of the gains seen since the Feb 26 low

at $1.2615. As a result, we have seen some correction with key support located

between $1.2862-$1.2854. Above $1.3002 and the higher $1.3089-$1.3109 region

will come into focus next.