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Gold •404 days	2,368.70	+35.30	+1.51%
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WTI Crude •10 mins	64.10	+0.22	+0.34%
Gasoline •10 mins	2.080	-0.007	-0.31%
Ethanol •404 days	2.161	+0.000	+0.00%
Silver •404 days	30.82	+1.16	+3.92%

Silver • 404 days	30.82	+1.16	+3.92%
Copper • 404 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.75	+0.16	+0.24%
Natural Gas • 10 mins	2.959	-0.031	-1.04%
Heating Oil • 10 mins	2.294	+0.015	+0.66%

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USD/CAD - Bullish Breakout at 1.0814

By - Jul 30, 2014, 5:32 AM CDT

USD/CAD has broken the key resistance at 1.0814 (previous support, see also the 200 day moving average), suggesting a further rebound towards the key resistance at 1.0961 (see also the 50% retracement). A first resistance can be found at 1.0892 (18/06/2014 high). Hourly supports are given by 1.0797 (29/07/2014 low) and the rising channel (around 1.0756).

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 and 1.0559 (29/11/2013 low) would invalidate this long-term bullish configuration.

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