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Gold •614 days	2,368.70	+35.30	+1.51%
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Gasoline •11 mins	2.672	-0.137	-4.87%
Ethanol •614 days	2.161	+0.000	+0.00%
Silver •614 days	30.82	+1.16	+3.92%

Silver • 614 days	30.82	+1.16	+3.92%
Copper • 614 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	90.73	-8.23	-8.32%
Natural Gas • 11 mins	3.067	-0.053	-1.70%
Heating Oil • 11 mins	3.397	-0.190	-5.29%

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USD/CAD - Weakening

By - Aug 27, 2014, 6:05 AM CDT

USD/CAD has broken the hourly support at 1.0928 after having breached the resistance at 1.0986. The resulting false breakout favours further short-term weakness towards the support at 1.0861 (15/08/2014 low, see also the 38.2% retracement). A resistance now stands at 1.0998 (26/08/2014 high). Another support lies 1.0797.

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.

Daily Technical Report