Commodity Prices

Gold •781 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,896.00	+0.30	+0.02%
WTI Crude •11 mins	85.53	-1.53	-1.76%
Gasoline •29 mins	3.291	-0.057	-1.71%
Ethanol •781 days	2.161	+0.000	+0.00%
Silver •781 days	30.82	+1.16	+3.92%

Silver • 781 days	30.82	+1.16	+3.92%
Copper • 781 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	92.99	-1.40	-1.48%
Natural Gas • 13 mins	2.732	-0.041	-1.48%
Heating Oil • 24 mins	4.420	-0.075	-1.66%

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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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