ISE FX Canadian Dollar* ST: rebound in sight.

By @ibtimes on

Update on supports and resistances.

Resistance3 : 117.5
Resistance2 : 114.75
Resistance1 : 111
Last Price : 107.35
Pivot Point: 106
Support1 : 106
Support2 : 103
Support3 : 100

Pivot: 106

Our preference: Long positions above 106 with targets @ 111 & 114.75 in extension.

Alternative scenario: Below 106 look for further downside with 103 & 100 as targets.

Comment: the pair is challenging the upper boundary of a falling wedge.

117.5
114.75
111
107.35 (last)
106
103
100

*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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