Home » Forex » Canadian Dollar: Caution
Trading Central

Canadian Dollar: Caution

By Trading Central on November 20, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:114.75
Resistance2:111
Resistance1:108.5
Last:107
Pivot:108.5
Support1:102.5
Support2:100
Support3:98.25
Pivot: 108.5

Our preference: Short positions below 108.5 with targets @ 102.5 & 100 in extension.

Alternative scenario: Above 108.5 look for further upside with 111 & 114.75 as targets.

Comment: intraday technical indicators are mixed and call for caution.

114.75
111
108.5
107 (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

Check Out These Related Posts:

If you like this article please...
Subscribe by RSS Subscribe by Email Email This Post To A Friend Email This Post To A Friend

Leave A Comment :

Name (required)
E-mail (required - never shown publicly)
URI
Subscribe to comments via email
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.
Recent Market Opinions:
Recent News:



HEADLINES
Sovereign Risk And The Price Of Oil
UPCOMING EVENTS
In 1 hr: USD Wholesale Inventories (DEC)
In 1 hr: USD IBD/TIPP Economic Optimism (FEB)
In 8 hrs: USD API U.S. Crude Oil Inventories (FEB 5)
In 8 hrs: USD API U.S. Gasoline Inventories (FEB 5)
In 8 hrs: NZD NZ Card Spending (MoM) (JAN)
Enter Your Email Address
Theme By: WordPress Theme Shop