ISE FX Canadian Dollar ST: The Bias Remains Bullish.

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ISE FX Canadian Dollar ST: The Bias Remains Bullish.

By Trading Central on February 3, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	138.5
Resistance2:	132.75
Resistance1:	130
Last:	124
Pivot:	117.5
Support1:	117.5
Support2:	114.8
Support3:	111

Pivot: 117.5

Our preference: Long positions above 117.5 with targets @ 130 & 132.75 in extension.

Alternative scenario: Below 117.5 look for further downside with 114.8 & 111 as targets.

Comment: the RSI is mixed with a bullish bias.

138.5
132.75
130
124 (last)
117.5
114.8
111

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