Trade Alerts, Trend Reports and Opinions by FX Options
Canadian Dollar: caution.
July 7, 2010 at 8:43 am • Posted in Daily Trend Report
Canadian Dollar
| Pivot: 106.5 |
| Our Scenario: 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 and calls for caution. |
| Option Strategy |
| Option ST |
0 |
| Delta ST |
0 |
| opinion MT |
-1 |
| Delta MT |
0 |
| Chart Levels |
| Resistance1 |
106.5 |
| Resistance2 |
108.85 |
| Resistance3 |
111 |
| Support1 |
101.4 |
| Support2 |
99.5 |
| Support3 |
98.35 |
