Canadian Dollar: Key ST Resistance At 12725

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Canadian Dollar: Key ST Resistance At 12725

By Trading Central on April 23, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	133
Resistance2:	130
Resistance1:	127.25
Last:	123.75
Pivot:	127.25
Support1:	119.8
Support2:	117.65
Support3:	114.65

Pivot: 127.25

Our preference: Short positions below 127.25 with targets @ 119.8 & 117.65 in extension.

Alternative scenario: Above 127.25 look for further upside with 130 & 133 as targets.

Comment: the RSI is capped by a bearish trend line.

133
130
127.25
123.75 (last)
119.8
117.65
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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