Commodity Prices

Gold •363 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,369.50	+10.80	+0.79%
WTI Crude •10 mins	65.44	-0.01	-0.02%
Gasoline •11 mins	2.092	-0.008	-0.38%
Ethanol •363 days	2.161	+0.000	+0.00%
Silver •363 days	30.82	+1.16	+3.92%

Silver • 363 days	30.82	+1.16	+3.92%
Copper • 363 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.15	+0.04	+0.06%
Natural Gas • 10 mins	3.413	-0.002	-0.06%
Heating Oil • 11 mins	2.332	+0.005	+0.22%

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USD/CAD - Approaching The Key Resistance at 1.1725

By - Dec 16, 2014, 6:35 AM CST

USD/CAD has recently increased its rate of ascent and is now close to the key resistance at 1.1725. Hourly supports now stand at 1.1605 (intraday high) and 1.1549 (15/12/2014 low).

In the longer term, the technical structure looks like a rounding bottom whose minimum upside potential is given by the strong resistance at 1.1725 (08/07/2009 high). Given the current overbought conditions, the odds to see a consolidation phase are increasing. Key supports stand at 1.1398 (09/12/2014 low) and 1.1192 (21/11/2014 low). Another resistance is given by the psychological threshold at 1.2000.

Daily Technical Report