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WTI Crude •11 mins	68.37	+0.04	+0.06%
Brent Crude •11 mins	73.83	+0.05	+0.07%
Ethanol •1 hour	1.509	+0.001	+0.07%
Natural Gas •14 mins	2.711	+0.016	+0.59%
Gasoline •11 mins	2.088	+0.006	+0.26%
Heating Oil •11 mins	2.107	+0.002	+0.11%

Gasoline • 11 mins	2.088	+0.006	+0.26%
Heating Oil • 11 mins	2.107	+0.002	+0.11%
Opec Basket • 2 days	69.39	+1.03	+1.51%
Gold • 10 mins	1,344.80	-4.00	-0.30%

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USD/CAD: Moving Higher

By - Mar 01, 2013, 5:37 AM CST

USD/CAD has broken the key resistance defined by the high of the medium-term declining channel and 1.0250 (12/07/2012 high). Resistances can be found at 1.0363 (28/06/2012 high) and 1.0447 (04/06/2012 high). A support is at 1.0217 (28/02/2013 low).

A decisive weekly close above the mediumterm declining channel (linking the April 2011 high with the April 2012 high) would invalidate our scenario of a return towards the support at 0.9633 (14/09/2012 low) in the long-term. A key resistance lies at 1.0447 (04/06/2012 high).

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