Published at 12:45 (GMT) 31 Jul
12::45 GMT - USD/CAD sees at the moment that the US data trumps the CADdata for now. The spike toward 1.3103 was sharply reversed in a hurry as the USD tanks big time on the day. Though, it is still not a breakdown for this mkt at this time and there is no way we can call a top unless we see a close back below 1.2833. Support is at the 1.2938/00 zone. R.Z
R5: 1.32 * figure
R4: 1.3103 * 24 Jul high
R3: 1.3095 31 Jul high
R2: 1.3064 Mar '09 high
R1: 1.3052 22 Jul high
S1: 1.2938 30 Jul low
S2: 1.2833 ** 18 Mar high
S3: 1.2805 * 14 Jul high
S4: 1.275 break level
S5: 1.2719 * 15 Jul low
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