ISE FX Canadian Dollar: caution.

By Trading Central
19 November 2009 @ 11:50 am EDT

Update on supports and resistances.

Resistance3 : 114.75
Resistance2 : 111
Resistance1 : 108.5
Last Price : 106.8
Pivot Point: 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
106.8 (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

For more forex information go to www.tradingcentral.com

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