Canadian Dollar: The Downside Prevails
Update on supports and resistances.
| Resistance3: | 111 |
| Resistance2: | 107.75 |
| Resistance1: | 103.5 |
| Last: | 101.6 |
| Pivot: | 103.5 |
| Support1: | 99.5 |
| Support2: | 97.15 |
| Support3: | 95 |
Our preference: Short positions below 103.5 with targets @ 99.5 & 97.15 in extension.
Alternative scenario: Above 103.5 look for further upside with 107.75 & 111 as targets.
Comment: the RSI is mixed with a bearish bias.
111
107.75
103.5
101.6 (last)
99.5
97.15
95
*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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Broker Reviews
You have mentioned 111, 103.5, 99 etc… From where did you get this numbers? I am new to this. Please tell me which chart do you follow and how.
Thank you.