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USD/CAD Index: Under Pressure.
By Trading Central on March 25, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 133 |
| Resistance2: | 130 |
| Resistance1: | 126.75 |
| Last: | 122.65 |
| Pivot: | 126.75 |
| Support1: | 117.6 |
| Support2: | 114.65 |
| Support3: | 108.2 |
Our preference: Short positions below 126.75 with targets @ 117.6 & 114.65 in extension.
Alternative scenario: Above 126.75 look for further upside with 130 & 133 as targets.
Comment: the RSI broke below a bullish trend line.
133
130
126.75
122.65 (last)
117.6
114.65
108.2
*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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