Commodity Prices

Gold •651 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,155.40	+24.90	+1.17%
WTI Crude •11 mins	91.81	+0.52	+0.57%
Gasoline •11 mins	3.062	-0.008	-0.24%
Ethanol •651 days	2.161	+0.000	+0.00%
Silver •651 days	30.82	+1.16	+3.92%

Silver • 651 days	30.82	+1.16	+3.92%
Copper • 651 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	95.09	+0.16	+0.17%
Natural Gas • 12 mins	2.595	-0.015	-0.57%
Heating Oil • 11 mins	3.791	+0.038	+1.02%

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USD/CAD: The Short-Term Declining Trendline Has Been Broken

By - Mar 20, 2013, 5:45 AM CDT

USD/CAD has broken its short-term declining trendline and its hourly resistance at 1.0247. Another resistance can be found at 1.0297. Supports are given by the rising trendline (around 1.0235) and 1.0181 (15/03/2013 low).

The break of the support at 1.0217 (28/02/2013 low) suggests a weakening bullish momentum. Coupled with the strong resistance at 1.0447 (04/06/2012 high) and the general overbought conditions, we see a limited upside potential for USD/CAD.

Daily Technical Report