ISE FX Canadian Dollar: caution.

on January 06 2010 10:50 AM

Update on supports and resistances.Resistance3 : 114.75Resistance2 : 111.25Resistance1 : 108Last Price : 103.45Pivot Point: 102.5Support1 : 102.5Support2 : 100Support3 : 97.6Pivot: 102.5Our preference: Long positions above 102.5 with targets @ 108 & 111.25 in extension.Alternative scenario: Below 102.5 look for further downside with 100 & 97.6 as targets.Comment: intraday technical indicators are mixed and call for caution.114.75111.25108103.45 (last)102.510097.6*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

More News from IBT MEDIA