USD/CAD Index: Caution.

New York London GMT Tokyo Singapore

By Trading Central on March 17, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	138
Resistance2:	133
Resistance1:	130
Last:	127.3
Pivot:	123.8
Support1:	123.8
Support2:	120.25
Support3:	114.65

Pivot: 123.8

Our preference: Long positions above 123.8 with targets @ 130 & 133 in extension.

Alternative scenario: Below 123.8 look for further downside with 120.25 & 114.65 as targets.

Comment: the RSI lacks upward momentum.

138
133
130
127.3 (last)
123.8
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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