ISE FX Canadian Dollar: continuation of the rebound.

 @ibtimes
on January 29 2010 11:50 AM

Update on supports and resistances.Resistance3 : 114.75Resistance2 : 111.25Resistance1 : 107.5Last Price : 106.35Pivot Point: 102Support1 : 102Support2 : 100Support3 : 97.6Pivot: 102Our preference: Long positions above 102 with targets @ 107.5 & 111.25 in extension.Alternative scenario: Below 102 look for further downside with 100 & 97.6 as targets.Comment: the pair has broken above a key declining trend line while daily technical indicators are reversing up.114.75111.25107.5106.35 (last)10210097.6*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

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