ISE FX Canadian Dollar: the downside prevails.

By IBTimes Staff Reporter | April 19 2010 10:50 AM

Update on supports and resistances.Resistance3 : 111Resistance2 : 107.75Resistance1 : 103.5Last Price : 101.6Pivot Point: 103.5Support1 : 99.5Support2 : 97.15Support3 : 95Pivot: 103.5Our preference: Short positions below 103.5 with targets @ 99.5 & 97.15 in extension.Alternative scenario: Above 103.5 look for further upside with 107.75 & 111 as targets.Comment: the RSI is mixed with a bearish bias.111107.75103.5101.6 (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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