ISE FX Canadian Dollar: bounce.

By IBTimes Staff Reporter | December 28 2009 10:50 AM

Update on supports and resistances.Resistance3 : 114.75Resistance2 : 111.25Resistance1 : 108Last Price : 104.6Pivot Point: 104Support1 : 104Support2 : 102Support3 : 100Pivot: 104Our preference: Long positions above 104 with targets @ 108 & 111.25 in extension.Alternative scenario: Below 104 look for further downside with 102 & 100 as targets.Comment: the RSI calls for a bounce.114.75111.25108104.6 (last)104102100*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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