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USD/CAD Index: Rebound Expected
By Trading Central on March 13, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 143.7 |
| Resistance2: | 140 |
| Resistance1: | 133 |
| Last: | 126.27 |
| Pivot: | 125 |
| Support1: | 125 |
| Support2: | 120.25 |
| Support3: | 114.65 |
Our preference: Long positions above 125 with targets @ 133 & 140 in extension.
Alternative scenario: Below 125 look for further downside with 120.25 & 114.65 as targets.
Comment: the pair is pulling back on its new support (former triangle upper boundary).
143.7
140
133
126.27 (last)
125
120.25
114.65
*USD/CAD Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the CANADIAN DOLLAR. For details go to www.ise.com
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