Commodity Prices

Gold •15 mins	2,347.20	+4.70	+0.20%
Platinum •15 mins	922.10	+1.60	+0.17%
WTI Crude •19 hours	83.85	+0.28	+0.34%
Gasoline •19 hours	2.765	+0.006	+0.23%
Ethanol •17 hours	2.161	+0.000	+0.00%
Silver •15 mins	27.54	-0.10	-0.35%

Silver • 15 mins	27.54	-0.10	-0.35%
Copper • 15 mins	4.574	+0.036	+0.78%
Brent Crude • 18 hours	89.50	+0.49	+0.55%
Natural Gas • 19 hours	1.614	-0.024	-1.47%
Heating Oil • 19 hours	2.548	-0.002	-0.09%

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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.

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