Canadian Dollar: The Bias Remains Bullish

New York London GMT Tokyo Singapore

Canadian Dollar: The Bias Remains Bullish

By Trading Central on July 2, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	125
Resistance2:	121.25
Resistance1:	118
Last:	115.65
Pivot:	111
Support1:	111
Support2:	107.8
Support3:	104

Pivot: 111

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
115.65 (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

Check Out These Related Posts:

If you like this article please...

Subscribe by RSS Subscribe by Email

Email This Post To A Friend

Recent News:

Macedonia’s Jan.-Sept. Trade Deficit At US$1.61 Bln - 17 hrs ago
Natural Gas Prices Extend Two-Month Low - 21 hrs ago
Stocks Finish Modestly Higher Despite Weak Jobs Report - U.S. Commentary - 22 hrs ago
Treasury Economist: Unemployment Numbers Disappointing But Not Unexpected - 22 hrs ago
Consumer Credit Fell By $14.8 Bln In September - 23 hrs ago

Opinions From Our Contributors

Commodities ‘Worst Is Behind Us,’ UH Economist Says Non Farm Payrolls To Bring The Bears Out Eight Months Into The Rally, What’s Next For The US Stock Market And Gold? Update: Gold’s Expanding Arc In Daily Chart Back To Bubble Land Fuel Your Stock Portfolio With BHP Billiton: The Best-Run Commodities Company In The World Will Gold’s Historic Bull Run Spill Over Into Silver? Gold, Silver, Oil And Natural Gas Have Gone Wild! Why Now Is The Time To Buy All Things Silver! Gold Is Going To Suffer A Serious Correction In Dollar Terms Read More »	Financials Are Discount Broker Shares Worth Owning? Investment News Briefs: UBS Fined $13.3 Million; Exxon And Shell Sign Iraq Oil Contract; Shares Of Ancestry.com Soar On IPO Retaining Risk On Wall Street: Necessary But Painful A Still-Safe 18% Dividend In “Virtual Banks” Goldman Sachs ‘Shooting Fish In A Barrel’ Warren Buffett Goes “All In” On America… How To Play The Oracle’s Big Bet IASB At Odds With FASB On ‘Extend And Pretend’ Option Traders Suggest Further Retail Sector Weakness JPMorgan Settles SEC Charges, Agrees To Pay More Than $700 Million Stock Market Briefs: Berkshire Hathaway More Likely To Have AAA Rating Cut, Microsoft To Layoff 800, State Of New York Sues Intel Read More »	Exchange Traded Funds Rydex Market Timer Funds: Extremely Mixed ETFs To Cover What Warren Buffett Is Buying 10 Reasons ETF Tracking Error Occurs Law Firm Files Class Action Lawsuit On Behalf Of Investors In ProShares Ultra Oil & Gas Fund (DIG) 6 Reasons To Watch China’s ETFs Five Tips For Trading ETFs The Carry Trade: What Is It And How To Play It? Midday Market Update: Jobs Report Cheers Wall Street Gold ETF: With Each Push Higher, Volume Has Been Declining Gold To Continue Its Record Run As Central Banks Stock Up Read More »
Stocks Has Asia Dethroned Detroit As The Auto Sector Leader? Three Marketing Giants Adjust To The New “Post-Crash” Reality Market’s Reaction To The US Unemployment Report: Neither A Buyer Nor Seller Be Stock Market Movers: Nvidia, Blue Coat Systems, The Clorox Company Stock Picks For Friday: Motorola, Crocs And Cell Therapeutics Did Warren Buffett Get A Good Deal On Burlington Northern? Stocks To Watch On Friday Highest Unemployment In 26 Years Calls For Open Mind Warren Buffet Bets On China With Burlington Northern Watch The FTSE On Friday Read More »	Forex Australian Dollar: The Downside Prevails Canadian Dollar: Caution USD/JPY Moves Below The 89.82 Level As Stocks Move Back And Forth Swiss Franc: The Downside Prevails Japanese Yen: Under Pressure British Pound: The Downside Prevails Euro: Under Pressure Friday’s Forex Outlook US Dollar Steadies Before Friday’s NFPs But Should We Expect Breakouts? Who Cares About The US Dollar? Read More »	Economy Extension Of US Unemployment Benefits: Will That Really Benefit The Overall Economy? The Economic Implications Of Being Out Of Work For Six Months Or More Fed Signals “All Systems Go” For More Inflation Cartoon: It’s Tough To Pay Taxes Without A Job The Good, Bad And The Ugly: The Economies Of Australia, US And UK Cartoon: Cannibal Capitalism An In-Depth Look At The Unemployment Report Mancession Update: Record Oct. Male Jobless Rate Of 11.4%, Female Rate Still 1.6% Below 1982 High Unemployment Up To 10.2% 10.2% Unemployment In The USA ! Read More »