ISE FX Canadian Dollar ST: the upside prevails.

By IBTimes Staff Reporter | February 04 2009 9:21 PM

R3 : 138.5R2 : 132.75R1 : 130L : 126.4P: 121.2S1 : 121.2S2 : 117.65S3 : 114.8Update on supports and resistances.Pivot: 121.2Our preference: Long positions above 121.2 with targets @ 130 & 132.75 in extension.Alternative scenario: Below 121.2 look for further downside with 117.65 & 114.8 as targets.Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.138.5132.75130126.4 (last)121.2117.65114.8

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