Subscribe By RSS
Canadian Dollar: The Bias Remains Bullish
By Trading Central on July 1, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 125 |
| Resistance2: | 121.25 |
| Resistance1: | 118 |
| Last: | 114.9 |
| Pivot: | 111 |
| Support1: | 111 |
| Support2: | 107.8 |
| Support3: | 104 |
Our preference: Long positions above 111 with targets @ 118 & 121.25 in extension.
Alternative scenario: Below 111 look for further downside with 107.8 & 104 as targets.
Comment: the RSI broke above a declining trend line.
125
121.25
118
114.9 (last)
111
107.8
104
*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
If you like this article please...
Subscribe by RSS 
Subscribe by Email
Email This Post To A Friend
Leave A Comment :
Recent Market Opinions:
The SEC Takes Aim At 12(b)-1 Fees In ETFs - Biogen Beats & Guides Higher
Video: McDonald’s January Profit Surges On International Sales - No Wonder Many Americans Are Pessimistic
- Becton Recalls Catheters
Recent News:
- Reports: Germany Yet To Decide On Possible Aid Package To Greece - 1 hr ago
- Stocks Post Strong Gains Amid Prospective Greece Bailout - U.S. Commentary - 1 hr ago
- Stocks Hovering Near Highs In Mid-Afternoon Trading - U.S. Commentary - 3 hrs ago
- European Markets Rise, Led By Banks, Miners - European Commentary - 3 hrs ago
- TSX Jumps On Greece Rescue Rumors - 3 hrs ago
