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Canadian Dollar: Caution
By Trading Central on November 6, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 114.75 |
| Resistance2: | 111 |
| Resistance1: | 109 |
| Last: | 106.9 |
| Pivot: | 109 |
| Support1: | 102.5 |
| Support2: | 100 |
| Support3: | 98.25 |
Our preference: Short positions below 109 with targets @ 102.5 & 100 in extension.
Alternative scenario: Above 109 look for further upside with 111 & 114.75 as targets.
Comment: intraday technical indicators are mixed and call for caution.
114.75
111
109
106.9 (last)
102.5
100
98.25
*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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