ISE FX Canadian Dollar: under pressure.

By IBTimes Staff Reporter | July 09 2010 10:50 AM

Update on supports and resistances.Resistance3 : 111Resistance2 : 108.85Resistance1 : 106.5Last Price : 103.07Pivot Point: 106.5Support1 : 101.4Support2 : 99.5Support3 : 98.35Pivot: 106.5Our preference: Short positions below 106.5 with targets @ 101.4 & 99.5 in extension.Alternative scenario: Above 106.5 look for further upside with 108.85 & 111 as targets.Comment: the RSI is mixed with a bearish bias.111108.85106.5103.07 (last)101.499.598.35*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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