ISE FX Canadian Dollar: bounce.

By IBTimes Staff Reporter | May 06 2010 10:50 AM

Update on supports and resistances.Resistance3 : 114.5Resistance2 : 111Resistance1 : 107.75Last Price : 103.5Pivot Point: 99.5Support1 : 99.5Support2 : 97.15Support3 : 95Pivot: 99.5Our preference: Long positions above 99.5 with targets @ 107.75 & 111 in extension.Alternative scenario: Below 99.5 look for further downside with 97.15 & 95 as targets.Comment: the RSI is bullish and calls for further upside.114.5111107.75103.5 (last)99.597.1595*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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