Forex

Bank of Canada cut rates by 50 bp yesterday and published a pretty bearish statement as well. Former support line coming in at 0.9985 (now resistance) today is the key level that needs to be taken out to extend the upside. Falling resistance is all the way up at 1.0114.
Support: 0.9743 (rising support from Nov07 low), 0.9710 (28/2 low), 0.9639 (underlying support)
Resistance: 0.9985 (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.)