Commodity Prices

Gold •861 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,525.50	-13.00	-0.84%
WTI Crude •10 mins	85.76	-0.77	-0.89%
Gasoline •11 mins	2.609	+0.001	+0.05%
Ethanol •861 days	2.161	+0.000	+0.00%
Silver •861 days	30.82	+1.16	+3.92%

Silver • 861 days	30.82	+1.16	+3.92%
Copper • 861 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	92.07	-0.69	-0.74%
Natural Gas • 10 mins	3.276	+0.061	+1.90%
Heating Oil • 12 mins	4.181	-0.030	-0.71%

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USD/CAD:: The Long-Term Rising Trendline is Challenged

By - Jul 03, 2014, 4:57 AM CDT

USD/CAD is trying to bounce close to the support implied by the long-term rising trendline (around 1.0643). Another strong support stands at 1.0559. Hourly resistances for a short-term bounce can be found at 1.0697 (27/06/2014 high) and 1.0752 (25/06/2014 high).

In the longer term, the technical structure looks like a rounding bottom whose minimum upside potential is at 1.1725. However, a break of the support area implied by the long-term rising trendline (around 1.0643) and 1.0559 (29/11/2013 low) would invalidate this long-term bullish configuration.

Daily Technical Report