Commodity Prices

Gold •481 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,578.80	-4.70	-0.30%
WTI Crude •11 mins	61.25	-0.06	-0.10%
Gasoline •26 mins	1.919	-0.002	-0.08%
Ethanol •481 days	2.161	+0.000	+0.00%
Silver •481 days	30.82	+1.16	+3.92%

Silver • 481 days	30.82	+1.16	+3.92%
Copper • 481 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.61	-0.01	-0.02%
Natural Gas • 19 mins	3.391	-0.051	-1.48%
Heating Oil • 26 mins	2.429	-0.007	-0.29%

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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