ISE FX Canadian Dollar* ST: the downside prevails.

By IBTimes Staff Reporter | March 27 2009 10:50 AM

Update on supports and resistances.Resistance3 : 133Resistance2 : 130Resistance1 : 126.75Last Price : 124.35Pivot Point: 126.75Support1 : 117.6Support2 : 114.65Support3 : 108.2Pivot: 126.75Our preference: Short positions below 126.75 with targets @ 117.6 & 114.65 in extension.Alternative scenario: Above 126.75 look for further upside with 130 & 133 as targets.Comment: the RSI is mixed with a bearish bias.133130126.75124.35 (last)117.6114.65108.2*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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