ISE FX Canadian Dollar* ST: the bias remains bullish.

By Trading Central
01 July 2009 @ 01:50 pm EDT

Update on supports and resistances.

Resistance3 : 125
Resistance2 : 121.25
Resistance1 : 118
Last Price : 114.9
Pivot Point: 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
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

For more forex information go to www.tradingcentral.com

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