Published at 11:52 (GMT) 11 Mar

USDCAD

11 Mar USD/CAD Daily
6:50 EST - USD/CAD's quick probe beneath the Jan low (1.0222) could not stick, but the pair remains weak below its 1.0270 extension. Only a bounce that can re-establish position above 1.0340 will isignificantly improve the S/T posture, putting the threatof more downside towards 1.0160 on hold. MV

R5: 1.0368 22 Feb low
R4: 1.0330/40 * 04-05 Mar highs
R3: 1.0285 hourly cong.
R2: 1.0271 * 100% ext 05-22 Feb
R1: 1.0246/45 18, 19 Jan low
S1: 1.0222 * 2010 low
S2: 1.0204 * 2009 low
S3: 1.016 127.2% ext
S4: 1.01 figure
S5: 1.0018 161.8% ext