Forex Daily Report
Basically trading inside a rising channel with 1.0004 resistance on top and underlying support at 0.9791. As noted a few days ago the CAD should see some support from the strong unemployment report out of Canada on Friday and after testing overhead resistance toward 0.9990 it moved considerably lower yesterday and key support now is the rising support at 0.9791.
Support: 0.9791 (rising support from Nov07 low), 0.9710 (28/2 low), 0.9639 (underlying support)
Resistance: 1.0004 (former support line), 1.0124 (short term falling res), 1.0222(overhead res), 1.0280 (falling res from Aug 07 high), 1.0380 (key level, overhead res), 1.0400(former key support.)
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