ISE FX Canadian Dollar: the downside prevails.

By IBTimes Staff Reporter | March 29 2010 9:50 AM

Update on supports and resistances.Resistance3 : 111Resistance2 : 107.75Resistance1 : 104Last Price : 102.2Pivot Point: 104Support1 : 100Support2 : 97.15Support3 : 95Pivot: 104Our preference: Short positions below 104 with targets @ 100 & 97.15 in extension.Alternative scenario: Above 104 look for further upside with 107.75 & 111 as targets.Comment: the RSI is bearish and calls for further decline.111107.75104102.2 (last)10097.1595*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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