TECHS: Wednesday's $1.2539 Low Now....>

DOLLAR-CANADA: TECHS: Wednesday's $1.2539 Low Now Offers Near Term Support

*RES 4: $1.2715 50% Fibo of $1.3016-$1.2414

*RES 3: $1.2641/44 Jul 20 high, 38.2% of $1.3016-$1.2414

*RES 2: $1.2609/19 Jul 21, Aug 3 highs

*RES 1: $1.2595/05 Hourly resistance

*PRICE: $1.2579 @1155GMT

*SUP 1: $1.2539 Aug 2 low

*SUP 2: $1.2485 Congestion area Jul 31-Aug 1

*SUP 3: $1.2446 Jul 31 low

*SUP 4: $1.2399/14 1% volatility band, Jul 27 low

*COMMENTARY* The recovery from last week's $1.2414 low continues, a high of

$1.2619 on Thursday, as we slightly exceed resistance from the Jul 21 high at

$1.2609. Any higher and the $1.2641-$1.2650 area is considered stronger, as it

also contains the upper 1% volatility band by time today. Currently correcting

some overbought hourly conditions, with $1.2539 offering nearest support, ahead

of more important levels between $1.2485-$1.2446.